The graphical representation of demand function is called ________.

demand slope

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demand curve

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demand function curve

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elasticity curve

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Solution

The correct option is B demand curve
The graphical representation of demand function is called demand curve.Demand graph indicates that the quantity demanded of a product gets increased when the price falls, other things remaining constant.The consumer demand as a function of price is q=d(p). It states that quantity demanded changes when the price of the product varies.

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Similar questions

What is the graphical representation of the demand schedule called?

Elasticity of demand is different at different points of a demand curve, unless demand curve is a rectangular hyperbola.

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