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Home Q & A Board Other Fields Homework Help Business Economics
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s.h_math s.h_math
wrote...
Posts: 293
Rep: 3 0
A year ago
I'm not sure what to do to make this graph correct?

Suppose the demand curve in a market is described
by the equation:
Where QD is the quantity demanded and P is the
price.
Using the line drawing tool, draw the demand curve
for this market. Label the line as 'Demand'.
Carefully follow the instructions above, and only draw
the required objects.
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Anonymous
wrote...
#1
A year ago


When another buyer shows up and is willing to pay any amount for one unit then his demand for 1 unit is perfectly inelastic so the demand curve would be a vertical straight line at the price point.
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