Categories: All - product - consumers - prices - demand

by Victoria Likhtina 9 years ago

128

Sample Mind Map

The concept of demand in economics involves understanding how consumer purchasing behaviors change in response to price fluctuations. It is often visualized through a demand schedule, which is a table that illustrates the quantities of a product that consumers are willing to buy at various prices.

Sample Mind Map

Текущая тема

market demand curve

a curve that shows how much of product all consumers will buy at all possible prices

DEMAND

Главная тема

utility

demand curve

a curve that shows the quantities demanded at all possible prices

quantity demanded

amount of goods or services that are demanded at any given point in time

demand schedule

a table that lists how much of a product consumers will buy at all possible prices

law of demand

rule stating that consumers will buy more of a product at lower prices and less at higher price