Word info

demand curve

Noun

Meaning

English Wikipedia has an article on:demand curveWikipedia
demand curve (plural demand curves)

(economics) A graph depicting the relationship between the price of a certain commodity and the amount of it that consumers are willing and able to purchase at that given price.

Source: en.wiktionary.org

Examples

Thus while diminishing returns do exist when industries are broadly defined, no industry can be considered in isolation from all the others, as supply and demand curve analysis requires. Steve Keen

A competitive company has a perfectly elastic demand curve meaning that total revenue is proportional to output. Source: Internet

A PC company has a perfectly elastic demand curve. Source: Internet

A MC firm’s demand curve is not flat but is downward sloping. Source: Internet

A successful monopoly would have a relatively inelastic demand curve. Source: Internet

By its very nature, conceptualising a demand curve requires that the purchaser be a perfect competitor—that is, that the purchaser has no influence over the market price. Source: Internet

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