What are three characteristics of a demand curve?

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mamoh2ajikenzie mamoh2ajikenzie

14-10-2016
Business

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What are three characteristics of a demand curve?

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CharlieStryker CharlieStryker · Answer 1 · 2016-10-26T11:45:05+02:00

What are three characteristics of a demand curve?

Answer: The three characteristics of a demand curve are price, quantity, and demand. When drawing a demand curve the price is drawn on the vertical axis and quantity demanded is on the horizontal axis. This graph is very helpful in a free market economy. It clearly shows the relationship between the price of a service or product and the amount of it that people are willing to purchase or pay for.

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