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| What do you understand by the term "Demand curve"? |
Demand curve is a graphical presentation of various quantities of a commodity that a consumer is willing and able to buy at different prices of the same commodity, while holding prices of other related commodities, income of the consumer and other factors constant. Demand curve is a graphical presentation of various quantities of a commodity that a consumer is willing to buy at different prices of the same commodity, while holding constant prices of other related commodities and income of the consumer. Demand curve is a graphical presentation of various quantities of a commodity that a consumer is willing to buy at different prices of the same commodity, while holding prices of other related commodities, income of the consumer and other factors constant. None of the above |
| Demand curve is a graphical presentation of various quantities of a commodity that a consumer is willing and able to buy at different prices of the same commodity, while holding prices of other related commodities, income of the consumer and other factors constant. |
| Demand curve is a graphical representation of various quantities of a commodity that an individual is WILLING and ABLE to buy at different prices of the commodity, ceteris paribus. Ceteris paribus means other factors remaining constant. |
