Marketing Discussion Knowledge Sharing Forum
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The demand curve slopes downward because of diminishing marginal utility,and also because of the substitution and income effects. On a graph with price on the vertical axis and quantity on the horizontal,this is shown as a demand curve s
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The market demand curve for good X is found bysumming together the quantities that both consumers demand at each price. For example, at a price of $1, Consumer 1 demands 2 units while Consumer 2 demands 1 unit; so, the market demand is 2
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The market demand curve is the addition of all the individual demand curves in the market. It shows thequantity demanded by the individuals at a given price point. Hence, the market demand curve shows the quantities that consumers as a w
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First,determine the market for which you want to plot the market demand curve.Determine the individual demand of that market. If it is an industrial firm,then you can take demand of each company. …Take an opinion poll of what demand th
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The market supply curve shows the combined quantity supplied of goods at different prices. The market supply curve is the horizontal sum of all individual supply curves. a = plots the starting point of the supply curve on the Y-axis inte
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Why does an economist create a market demand curve? As the price of a good or service decreases people generally want to buy more of it and vice versa. Why does an economist create a market demand curve?To predict how people will change