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Each of these groups typically have a much different demand curve.
Thus the price line is also identical to the demand curve.
Movements along a demand curve happen only when the price of the good changes.
You can't really find out what the demand curve is.
This change is reflected in a movement along the demand curve.
That is individual demand curves may not be valid at certain prices.
As such, it measures the extent of movement along the demand curve.
Consumer surplus is the area between the price line and the demand curve.
We take a demand curve for a public good.
"Our capacity has fallen behind the demand curve," he said.
This means that the demand curve for both goods will move in the same direction, if the price changes.
In Fig. 5.1 we also have a demand curve for bills,.
Demand curves resemble a series of waves rather than a straight line.
The office demand curve is flat or declining in all but a few locations.
The constrained or effective demand curve for labour is in Figure 5.9.
It is identified by the intersection of the supply and demand curves.
The characteristics of each demand curve could be different.
There are three important things to note about the demand curve:
Still, you may find this a useful technique to learn something about the demand curve for your product.
Each point on the demand curve shows what the individual would pay for the last unit of purer water.
The implications of this fact are best made manifest with a linear demand curve.
Indifference curves can be used to derive the individual demand curve.
"They have an advantage over the average tech stock in that the demand curve is vertical."
In this way, consumers will be able to manage their energy consumption, evening out the demand curve.