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A demand curve is a graphical representation of the demand of a product based on its price. Demand curves are downward sloping, demonstrating the law of demand that states that the quantity of a product or service demand... More »

www.reference.com World View Social Sciences Economics

The equation used to calculate the demand curve is Q=q1+q2...+qn or Q=f(P). Quantity demanded is represented by the variable "Q" while "q1" or "qn" correspond to an individual demand curve. The expression f(P) indicates ... More »

www.reference.com World View Social Sciences Economics

According to Education Portal, the demand curve slopes down because price and the quantity demanded have an inverse relationship. This relationship is proven by the law of demand. More »

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An upward sloping demand curve indicates that demand for a good or service increases as price increases. Upward sloping demand curves are the result of conspicuous consumption and products known as “Giffen goods.” More »

www.reference.com World View Social Sciences Economics

A change in price for a particular good is the most common factor that would not shift the demand curve for beef, explains Tutor2U. In contrast, things that do influence the demand curve for items, such as beef, include:... More »

www.reference.com World View Social Sciences Economics

The slope and elasticity of a linear demand curve are extremely closely linked, but where the slope itself is just a measure of how much demand changes given a change in price, elasticity is a description of what that sl... More »

www.reference.com World View Social Sciences Economics

There is no supply curve in a monopolistic market because the monopolist searches the market demand curve for the profit maximizing price, rather than simply accepting the market price. Because there is only one seller, ... More »

www.reference.com World View Social Sciences Economics