Definitions
There is 1 meaning of the phrase
Demand Curve.
Demand Curve - as a noun
In economics, the 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.
Example: "However, the demand curve of each oligopolist will be more elastic than the demand curve for the industry as a whole."
Example Sentences
"The demand curve shows the relationship between price and quantity demanded."
"A downward-sloping demand curve indicates that as price increases, quantity demanded decreases."
"Shifts in the demand curve can be caused by changes in consumer income."
"The demand curve is typically plotted on a graph with price on the vertical axis and quantity demanded on the horizontal axis."
"Economists analyze the elasticity of the demand curve to measure responsiveness to price changes."
