Economy, asked by Jacksongg, 1 year ago

What is demand curve and its types?

Answers

Answered by Akash7766
7
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\mathfrak{\blue{Q.}}What is demand curve and its types?

\mathfrak{\blue{Ans.}} when demand schedule or demand function is depicted on the graph paper it becomes the demand curve.

There are two types of demand curve..

\mathfrak{i.)} Individual demand curve
\mathfrak{ii.)} Market demand curve
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Answered by brainlystargirl
2
Heya....

See here for your answer...

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What is demand curve..??

√ It is the graphical representation of the relationship between quantity demanded and the own price of the commodity that is inversely related to each other....

√ Slope of demand curve is given by..
∆ P / ∆ Q...

Types of demand curve...

Demand curve is of two types...

1 Individual demand curve...
Showing graphically only that how much of a person is willing to purchase a commodity at given prices...

2 Market demand curve...
Showing graphically that how much all the consumers in the market is willing to buy a commodity with its given prices...

Thank you
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