To predict how people will change their buying habits when prices change. A market demand curve allows an economist to predict the total sales of an item at several different prices.
the market demand curve is the curve related to the demand of the commodity demanded by the group of people to the at different price.
oligopoly
downward sloping
NO
To predict how people will change their buying habits when prices change. A market demand curve allows an economist to predict the total sales of an item at several different prices.
the market demand curve is the curve related to the demand of the commodity demanded by the group of people to the at different price.
oligopoly
NO
downward sloping
Usually market demand curves are downward sloping.
Usually market demand curves are downward sloping.
the same as the market demand curve.
Demand curve is only Accurate for one very specific set of market condition.
the market demand for the product. undefined. more inelastic than the market demand for the product. more elastic than the market demand for the product
It shows the demand for the product in relation to the price
Supply is the main force that affects the demand curve to change in the economy or in a certain market.