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Demand curve


 

In economics, the demand curve can be defined as the graph depicting the relationship between the price of a certain commodity, and the amount of it that consumers are willing and able to purchase at that given price.

Related Topics:
Economics - Graph - Commodity

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Other determinants of demand such as income, taste and preference, prices of substitures and so on are supposed held constant. It is usually a graphical representation of a demand schedule obtained as a result of market research.

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