Demand And Supply

Read Complete Research Material



Demand and Supply

Demand and Supply

Question 1

P ($) Q

5 122

8 82

Demand and price have an inverse relationship as there is an increase in price quantity demanded for the product will fall. This negative relationship is shown by the downward sloping demand curve, which is illustrated in the graph below (www.investopedia.com). The linear equation can be used to calculate the slope of the line. Which is change in Y/ change in X. therefore for the following demand curve slope would be= 5-8/122-82, which is = -0.075. This tends to indicate that an increase in price of $1 will result in decrease in quantity ...
Related Ads
  • Demand And Supply
    www.researchomatic.com...

    Demand And Supply , Demand And Supply A ...

  • Demand And Supply
    www.researchomatic.com...

    The Supply and Demand Simulation was a ...

  • Law Of Demand And Supply
    www.researchomatic.com...

    Law of Demand and Supply [Name of Institution ...

  • Demand And Supply
    www.researchomatic.com...

    Pricing in the market develops, depending on supp ...

  • Demand And Supply
    www.researchomatic.com...

    The main focus of the paper is on the economic conce ...