2 years ago

Demand curve shows how quantity demanded changes as the price changes. It implies that.

1 answer:

7 0

Demand curve shows how quantity demanded changes as the price changes. It implies that price and quantity demanded are inversely proportional and also inversely related.

<h3>What is demand?</h3>

Demand refers to the amount of the money spent on the purchase of the commodity for the particular period of time. It is willingness as well as ability to purchase the product.

It includes the demand of the consumer goods, imports, and government spending.

The demand curve depicts how the quantity required fluctuates in response to price variations. It means that price and amount requested are both inversely proportional and connected.

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