Question

The quantity demanded for bread has decreased due to an increase in price. How would this change in quantity demanded be represented on the demand curve?

Answer 1

a movement from one point on the demand curve to a lower point on the demand curve An increase in quantity demanded brought on by a decrease in price is represented by a movement from one point on the demand curve to a lower point on the demand curve.

What is demand curve?

A demand curve is a graph in economics that depicts the relationship between the price of a commodity and the quantity of that commodity that is demanded at that price. Demand curves can be used to model the price-quantity relationship for a single consumer or for all consumers in a given market.

The demand curve depicts the relationship between the price of a good or service and the quantity demanded over a given time period. A typical representation will show the price on the left vertical axis and the quantity demanded on the horizontal axis.

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