Buy custom factors influencoing household demand
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Miscellaneous
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| Number of pages / Number of words: |
10 / 2679 |
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As price decreases, then demand rises. The relationship is graphically represented by the demand curse which maps the points where demand and price meet between each axis. This assumes no other factors affect the household purchase decision, but does indicate how much of a good can be sold for each level of price...
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This assumes no other factors affect the household purchase decision, but does indicate how much of a good can be sold for each level of price. If factors affect price making it change, then the curve will indicate the demand.
Where factors affect quantities demanded, instead of movements along the demand curve, the curve instead moves completely ? referred to as a ?shift in demand'...
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