WHAT IS DEMAND CURVE | FACTOR AFFECTING DEMAND CURVE | CLASS 11 |MICRO ECONOMICS

📊 Understanding the Demand Curve: Key Concepts and Graphical Representation

In this video, we explore the demand curve and its significance in economics. The demand curve is a graphical tool used to illustrate the relationship between the price of a good or service and the quantity demanded over a specific period. Typically, the price is plotted on the vertical axis (Y-axis), while the quantity demanded is shown on the horizontal axis (X-axis). The demand curve helps visualize how changes in price impact consumer behavior and demand.

🔍 What You'll Learn:

The basic concept of the demand curve
How to read and interpret the demand curve on a graph
The inverse relationship between price and quantity demanded
Key factors that influence shifts in the demand curve
📚 Watch Our Previous Videos:

Theory of Demand: Dive deeper into the fundamental principles of demand and how they shape consumer behavior.
Consumer Equilibrium: Understand the concept of consumer equilibrium and its role in economic decision-making.
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