1.2.1 demand curve
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5 Terms
1
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rules when drawing a demand curve
label the y axis and the x axis
draw the demand curve sloping from left to right and label it demand
2
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when price changes …
it is shown as a movement along the demand curve
3
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if anything other than price changes …
there will be a SHIFT in the demand curve
4
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increase in demand will …
shift the curve to the right
5
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a reduction in demand will …
shift the demand curve to the left
Note 
Flashcards (38)