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Topic Content:
- Definition of Demand Curve
- Example of Demand Curve
- Calculating the Slope of a Demand Curve
What is a Demand Curve?
A demand curve is a graphic representation of the relationship between price and quantity. It indicates the different quantities of a commodity demanded at different prices.
The demand curve slopes downward from left to right, showing that more will be bought at lower prices than at higher prices. This means that quantity demand rises as price falls.
It also means that an increase in price causes a fall in quantity demanded, that is, quantity demanded rises as price falls. A normal demand curve is negatively
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