Demand Curve Flashcards
1
Q
What is demand curve?
A
The curve that shows how much goods are bought at different prices over a period of time
2
Q
How does a demand curve look like?
A
Line sloping downward from left to right
3
Q
What relationship does price and quatity have in a demand curve?
A
Inverse relationship
4
Q
What causes movements along the demand curve?
A
Changes of price
5
Q
What cuases the shifts in demand curve?
A
Other factors
6
Q
Where does the demand curve shift as demand increases?
A
To the right
7
Q
Where does the demand curve shift as demand decreases?
A
To the left
