Last Updated 12 May 2020

Why does an economist create a market demand curve

Category Market
Essay type Research
Words 62 (1 page)
Views 31

Economist should know everything about a market demand curve because it helps to run the business. First of all, this curve shows the actual demand for a specific product. If it rises, so the companies should produce more. If the curve shows a downward trend, it is better to stop excessive production. Secondly, the demand curve helps to determine the most advantageous price.

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Why does an economist create a market demand curve. (2018, Apr 03). Retrieved from https://phdessay.com/why-does-an-economist-create-a-market-demand-curve/

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