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Apr 7

Demand curv?

Demand curv Economics
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Apr 7
The demand curve in economics is a graphical representation of the relationship between the price of a good or service and the quantity demanded by consumers. It typically slopes downwards from left to right, indicating that as the price of a good decreases, the quantity demanded by consumers increases. This relationship is based on the law of demand, which states that there is an inverse relationship between price and quantity demanded. The demand curve is a fundamental concept in economics and is used to analyze market behavior and make predictions about consumer behavior in response to changes in price.
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