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What curve shows the relationship between the sales price and quantity is called the demand curve?
Maeskie
supply
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∙ 11y ago
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What is the difference between a demand schedule and a demand curve?
a demand schedule is a table showing the relationship between the price of a good and the quantity demanded , but a demand curve is a graph showing the relationship between the price of a good and the quantity demanded.
Term for relationship between price and quantity supplied?
Demand Curve
Differences between Demand and quantity demand?
Demand refers to the entire relationship between the prices and the quality of the product. Quality demand refers to one particular point on the demand curve.
A demand schedule shows the relationship between the quantity demanded of a commodity over a given peiord of time and?
quantity supplied
What kind of relationship does the demand curve have in relation to supply?
Demand refers to how much (quantity) of a product or service is desired by buyers. The quantity demanded is the amount of a product people are willing to buy at a certain price; the relationship between price and quantity demanded is known as the demand relationship. Supply represents how much the market can offer.
What is behind the demand curve?
Law of demand is behind the downward sloping of demand curve,i.e. inverse relationship between price and quantity demanded.
The relationship between the price of a good or service and the quantity that consumers are willing to purchase is known as?
Demand is the best answer
What are demand curve and demand schedule?
a demand curve is a single curve which slopes downwards from left to the right indicating an inverse relationship between price and quantity demanded. a demand schedule is a table which gives the quantity demanded at each range of prices.
Why demand curve slopes downward?
Demand curve is slope downward because of inverse relationship between price and quantity.
What are the reasons for negative relationship between price and quantity demanded?
Price and demand have an inverse relationship. Therefore, if the price goes up, the demand goes down; the price goes down, the demand goes up.
What are the demand schedule and the demand curve and how are they related?
i. A demand curve is a single curve which slopes downwards from left to the right indicating an inverse relationship between price and quantity demanded And A demand schedule is a table which gives the quantity demanded at each range of prices.
What is the relationship between the price of an item and the quantity demanded?
It is a direct relationship. As demand for an item rises, all else equal, price for an item will rise.
