Economics
Textbooks
Boundless Economics
Introducing Supply and Demand
Demand
Economics Textbooks Boundless Economics Introducing Supply and Demand Demand
Economics Textbooks Boundless Economics Introducing Supply and Demand
Economics Textbooks Boundless Economics
Economics Textbooks
Economics
Concept Version 6
Created by Boundless

The Law of Demand

Law of Demand

Law of Demand

A demand curve, shown in red and shifting to the right, demonstrating the inverse relationship between price and quantity demanded (the curve slopes downwards from left to right; higher prices reduce the quantity demanded).

Source

    Boundless vets and curates high-quality, openly licensed content from around the Internet. This particular resource used the following sources:

    "Law of demand."
    http://en.wikipedia.org/wiki/Law_of_demand Wikipedia GNU FDL.

Related Terms

  • Giffen good
  • Veblen good
  • normal good
  • Subjects
    • Accounting
    • Algebra
    • Art History
    • Biology
    • Business
    • Calculus
    • Chemistry
    • Communications
    • Economics
    • Finance
    • Management
    • Marketing
    • Microbiology
    • Physics
    • Physiology
    • Political Science
    • Psychology
    • Sociology
    • Statistics
    • U.S. History
    • World History
    • Writing

    Except where noted, content and user contributions on this site are licensed under CC BY-SA 4.0 with attribution required.