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What is a demand curve graph?

A demand curve is a graphic display of the change in demand for a good resulting from a change in price in a given time period. On the demand curve graph, the vertical axis denotes the price and the horizontal axis denotes the quantity demanded.

What are the characteristics of a demand curve?

They may appear relatively steep or flat, and they may be straight or curved. Nearly all demand curves share the fundamental similarity that they slope down from left to right, embodying the law of demand: As the price increases, the quantity demanded decreases, and, conversely, as the price decreases, the quantity demanded increases.

What is the difference between demand schedule and demand curve?

A demand schedule is a table that shows the quantity demanded at each price. A demand curve is a graph that shows the quantity demanded at each price. Sometimes the demand curve is also called a demand schedule because it is a graphical representation of the demand scheduls. Here's an example of a demand schedule from the market for gasoline.

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