What's it: A demand curve is a two-dimensional graphical representation to illustrate the relationship between quantity demanded and price. It uses price as the Y-axis and quantity as the X-axis.The curve shows the quantity demanded at any
Demand
Demand Function: Example, Linear vs. Nonlinear
What's it: A demand function is a mathematical equation representing the relationship between demand and its determinants. The function shows us how the demand for a product is affected by factors such as its own price, buyer income, and