demand curve

demand curve

 in economics, a graphic representation of the relationship between product price and the quantity of the product demanded. It is drawn with price on the vertical axis of the graph and quantity demanded on the horizontal axis. With few exceptions, the demand curve is delineated as sloping downward from left to right because price and quantity demanded are inversely related (i.e., the lower the price of a product, the higher the demand or number of sales). This relationship is contingent on certain ceteris paribus (other things equal) conditions remaining constant. Such conditions include the number of consumers in the market, consumer tastes or preferences, prices of substitute goods, consumer price expectations, and personal income. A change in one or more of these conditions causes a change in demand, which is reflected by a shift in the location of the demand curve. A shift to the left indicates a decrease in demand, while a movement to the right an increase. Compare supply curve.

* * *


Universalium. 2010.

Игры ⚽ Поможем написать реферат

Look at other dictionaries:

  • demand curve — ➔ curve * * * demand curve UK US noun [C, usually singular] ► ECONOMICS, GRAPHS & CHARTS the relationship, as shown by a line on a graph, between the price of goods or services and the amount or quantity that people buy during a particular period …   Financial and business terms

  • Demand curve — An example of a demand curve shifting In economics, the demand curve is 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. It is …   Wikipedia

  • demand curve — A curve on a graph relating the quantity of a good demanded to its price. Economists usually expect the demand curve to slope downwards, i. e. an increase in the price of a good brings a lower level of demand …   Big dictionary of business and management

  • demand curve — graph depicting the demand for a product as a function of its price …   English contemporary dictionary

  • demand curve — /dəˈmænd kɜv/ (say duh mand kerv) noun Economics the graphical depiction of the relationship between demand and price showing the quantities of a commodity a consumer would be willing to buy at various prices …  

  • demand curve — relationship of price charged for a unit good such as fish per kg to the number of units a customer is willing to buy at that price …   Dictionary of ichthyology

  • demand curve — noun : a graphical presentation of the quantities of a good or service that will be purchased at each of various possible prices at a given time …   Useful english dictionary

  • Demand (economics) — Demand redirects here. For other uses, see Demand (disambiguation). In economics, demand is the desire to own anything, the ability to pay for it, and the willingness to pay[1] (see also supply and demand). The term demand signifies the ability… …   Wikipedia

  • curve — [kɜːv ǁ kɜːrv] noun [countable] a diagram showing how a price or an amount changes in relation to another price, amount etc: • The price curve is rising as the bond gets closer to maturity. US /kɜːv/ noun [C] ► GRAPHS & CHARTS a line on a graph… …   Financial and business terms

  • Demand destruction — is an economic term used to describe a permanent downward shift in the demand curve in the direction of lower demand of a commodity such as energy products, induced by a prolonged period of high prices or constrained supply. In the context of the …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”