What a demand curve shows
What a demand curve shows
A demand curve shows the quantity of a good or service that consumers are willing and able to buy at different prices, other things being equal. Price is shown on the vertical axis and quantity demanded is shown on the horizontal axis.
Step-by-step lessons on OCR GCSE Economics 2.2.3 Explain a demand curve. Each one builds up to exam-style questions. Build a solid grasp of supply and demand and cost/revenue calculations before tackling the evaluation-heavy policy topics.