Sunday

Demand curve

If the demand for a good rises then the price rises.
But if price rises then demand falls.
But if demand falls then price falls.
If price falls then demand shifts to the right.
If demand shifts to the right then prices rise.
If price rises then demand.....
at
Labels: ,

2 comments:

  1. CHEE22 March 2009 at 23:17

    Demand curve only shift to right or left due to non-price factors, such as increases in wages, cut in tax. If the price of product is rise or fall, it will cause a movement along the curve.

    ReplyDelete
  2. Anonymous24 May 2009 at 17:11

    If price rises then quatity demanded falls. Also as Chee said Demand shifts only due to non-price factors.

    ReplyDelete

Subscribe to: Post Comments (Atom)