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Demand curve

Demand curve Definition

Demand curve is a graph used in economics. It demonstrates the relationship between the price of a certain good and the quantity that consumers are willing to buy at that price. Each consumer has his own demand curve, and the individual demands at each price are added for all consumers. The graph is used to estimate behaviors of consumers in competitive markets.

RELATED TERMS
Deadweight loss
Supply Curve
RELATED CATEGORIES
Economy




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