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Why does an economist create a market demand curve? to predict how people will change their buying habits when prices change to have an idea of how a market would change if conditions in an area changed to show how various conditions can change the demand for a good to learn what demands the market will make under unusual conditions?

Samantha Barber

in Business

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William Cain on January 24, 2019

I think that economists create demand curve to predict how people will change their buying habits when prices change. A demand curve is the plot of the Amount of goods or services demanded in the market against prices during a given period of time. The price that appears on the horizontal axis and the quantity demanded on the y-axis. Demand is the amount of goods or services that consumers are willing and able to purchase in a given period of time.


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