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Business
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| Number of pages / Number of words: |
6 / 1474 |
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The demand curve shows the movement along the curve. The higher the quantity demanded the movement will be downwards and as the lesser the quantity demanded the movement will be upwards.
The curve is downward sloping from left to right as it demonstrates the law of demand where the higher the price the lower the quantity demanded...
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When the price decreases to 10, the quantity demanded increases to 30.http://instruct1.cit.cornell.edu/courses/econ101-dl/lecture-supply &demand.html
If there is a change in demand resulting in the shift of the demand curve. Price is not a factor in this curve. The shifting of the demand curve is due to some factors...
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