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10 December, 12:34

The demand curve: shows how much buyers are willing and able to buy at different prices. is the amount that sellers are willing and able to sell at a particular price. shows how much sellers are willing and able to sell at different prices. is the amount that buyers are willing and able to buy at a particular price.

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  1. 10 December, 13:02
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    shows how much buyers are willing and able to buy at different prices

    Explanation:

    A demand curve is a graphical representation of the law of demand. The curve demonstrates the relationships between the demand for a product and its price. A demand curve slopes downwards. It shows how the quantity demanded varies with changes in prices.

    As per the laws of demand, there is an indirect relationship between price and quantity demand. A rise in demand causes a decline in demand. On the demand curve, the Y-axis has prices, while the X-axis shows quantity. As the demand curve is downward sloping, changes in price cause movement along the demand curve. High prices will lead to low demand. The demand curve shows the level of quantity demanded at different prices.
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