Why does an economist create a market demand curve?

to show how various conditions can change the demand for a good

to predict how people will change their buying habits when prices change

to learn what demands the market will make under unusual conditions

to have an idea of how a market would change if conditions in an area changed

the answer is B

Question

Emmett Haynes

History

1 October, 00:20

Why does an economist create a market demand curve?

to show how various conditions can change the demand for a good

to predict how people will change their buying habits when prices change

to learn what demands the market will make under unusual conditions

to have an idea of how a market would change if conditions in an area changed

the answer is B

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Answers (1)

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Scarlett Larson · Answer 1

The answer is to predict how people will change their buying habits when prices change. The definition of a market demand schedule is, it is a table of the number of a good that all consumers in a market will buy at a given price. So when there is a change in price, you will know what will be the demand for those products - you will know what their buying habits are if they buy even the price or vice versa.