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A_________ is a graph that shows how prices affect consumer demand.

Zach Chandler

in Business

1 answer

1 answer

Blair Lewis on May 9, 2018

A "demand curve" is a graph that shows how prices affect the demand of the consumers.Demand curves show the graphical representation of the relationship between the demand of consumers (the amount requested for a given time frame) and the price (cost of a good or service). In an ordinary representation, the cost is displayed on the left vertical axis, the quantity demanded is shown on the horizontal axis. When there are changes in the non-price factors, we will give an account of the changes in the demand curve.

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