The answer is Each individual buyer’s demand curve will be Vertical and the market demand curve will be Downward sloping.
The demand curve could be a graphical representation of the connection between the value of an honest or service and therefore the quantity demanded for a given period of your time. in a very typical representation, the value will appear on the left vertical axis, the amount demanded on the horizontal axis.
The demand curve will move downward from the left to the correct, which expresses the law of demand—as the worth of a given commodity increases, the amount demanded decreases, all else being equal.
Note that this formulation implies that price is that the variable, and quantity the variable. In most disciplines, the experimental variable appears on the horizontal or x-axis, but economics is an exception to the current rule.
The degree to which rising price translates into falling demand is named demand elasticity or price elasticity of demand. If a 50% rise in corn prices causes the number of corn demanded to fall by 50%, the demand elasticity of corn is 1. If a 50% rise in corn prices only decreases the amount demanded by 10%, the demand elasticity is 0.2. The demand curve is shallower (closer to horizontal) for products with more elastic demand, and steeper (closer to vertical) for products with less elastic demand.
Other factors can shift the demand curve similarly, like a change in consumers' preferences.
Learn more about Demand Curve here
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Answer:
Management system
Explanation:
<u>A database management system which is abbreviated as DBMS, is a system software which is used for creating as well as managing databases.</u> DBMS provides the users and the programmers with systematic way to create, update, retrieve and manage the data.
<u>DBMS makes possible for the end users to read, create, delete and update data in the database.</u> DBMS serves essentially as an interface between database and the end users or application programs and also ensures that the data is consistently organized as well remains accessible easily.
Answer: 1. Decreasing
2. Increasing
Explanation: i guess on it my guy
Answer:
I need some points please
True statement for a business plan among following :
(C)Business Plan Provide Road map for future plan true statement for a business plan .
A business plan is a written description of your business's future. That's all there is to it--a document that describes what you plan to do and how you plan to do it.
Explanation:
A business plan can help to direct business for its future and avoid bumps in the road. A Business Plan series provides detailed instructions for working through each section of the business plan.
Although Business plan doesn't guarantee success but provide detailed financial projections, forecasts about your business's performance, and a marketing plan that may help to achieve business goals.