Definition of demand curve in English:
A graph showing how the demand for a commodity or service varies with changes in its price.
- However, the position of the demand curve for labour can vary according to either the level of capital employed or the price of the output good.
- Economists use a demand curve to display water's worth to consumers (their willingness to pay).
- What we have here is a classic demand curve and the demand curve is always downward-sloping, because the more you charge, the fewer people will be willing to buy your software.
Definition of demand curve in:
- British & World English dictionary
What do you find interesting about this word or phrase?
Comments that don't adhere to our Community Guidelines may be moderated or removed.
Most popular in the US
Most popular in the UK
Most popular in Canada
Most popular in Australia
Most popular in Spain
Most popular in Malaysia
Most popular in Pakistan