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  2. Demand curve - Wikipedia

    en.wikipedia.org/wiki/Demand_curve

    Demand curves can be used either for the price-quantity relationship for an individual consumer (an individual demand curve), or for all consumers in a particular market (a market demand curve). It is generally assumed that demand curves slope down, as shown in the adjacent image.

  3. Market demand schedule - Wikipedia

    en.wikipedia.org/wiki/Market_demand_schedule

    At any given price, the corresponding value on the demand schedule is the sum of all consumers’ quantities demanded at that price. Generally, there is an inverse relationship between the price and the quantity demanded. [1] [2] The graphical representation of a demand schedule is called a demand curve. An example of a market demand schedule

  4. Economic graph - Wikipedia

    en.wikipedia.org/wiki/Economic_graph

    The graph depicts an increase (that is, right-shift) in demand from D 1 to D 2 along with the consequent increase in price and quantity required to reach a new equilibrium point on the supply curve (S). A common and specific example is the supply-and-demand graph shown at right.

  5. Market power - Wikipedia

    en.wikipedia.org/wiki/Market_power

    The graph below depicts the kinked demand curve hypothesis which was proposed by Paul Sweezy who was an American economist. [29] It is important to note that this graph is a simplistic example of a kinked demand curve. Kinked Demand Curve. Oligopolistic firms are believed to operate within the confines of the kinked demand function.

  6. Demand - Wikipedia

    en.wikipedia.org/wiki/Demand

    The demand curve facing a particular firm is called the residual demand curve. The residual demand curve is the market demand that is not met by other firms in the industry at a given price. The residual demand curve is the market demand curve D(p), minus the supply of other organizations, So(p): Dr(p) = D(p) - So(p) [14]

  7. Microeconomics - Wikipedia

    en.wikipedia.org/wiki/Microeconomics

    The supply and demand model describes how prices vary as a result of a balance between product availability at each price (supply) and the desires of those with purchasing power at each price (demand). The graph depicts a right-shift in demand from D 1 to D 2 along with the consequent increase in price and quantity required to reach a new ...

  8. Aggregation problem - Wikipedia

    en.wikipedia.org/wiki/Aggregation_problem

    The aggregate consumer demand curve is the summation of the individual consumer demand curves. The aggregation process preserves only two characteristics of individual consumer preference theory—continuity and homogeneity. Aggregation introduces three additional non-price determinants of demand: Number of consumers

  9. Perfect competition - Wikipedia

    en.wikipedia.org/wiki/Perfect_competition

    The arrival of new firms or expansion of existing firms (if returns to scale are constant) in the market causes the (horizontal) demand curve of each individual firm to shift downward, bringing down at the same time the price, the average revenue and marginal revenue curve.