Explain With Diagram Law Of Demand. Since the demand curve is downward sloping either p or q will be negative. It represents inverse relation between price and quantity demanded.
The greater the resistance the steeper the slope of the plotted line. Or state components of ad. Demand covers all the factors that affect demand.
Automatic stabilizers which we learned about in.
With the aid of a diagram explain how the society suffers under monopoly. Be specific about the flow of money that the firms receive and pay in addition to. The above diagram contains a law of demand curve that is always downward sloping. 2 page 26.