Catherines Demand Curve

Table 4-1

Catherine's Demand Schedule. The demand schedule shows the quantity demanded at each price.

Catherine Demand Curve
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Figure 4-1

Catherine's Demand Curve. This demand curve, which graphs the demand schedule in Table 4-1, shows how the quantity demanded of the good changes as its price varies. Because a lower price increases the quantity demanded, the demand curve slopes downward.

demand curve a graph of the relationship between the price of a good and the quantity demanded ceteris paribus a Latin phrase, translated as "other things being equal," used as a reminder that all variables other than the ones being studied are assumed to be constant horizontal axis. The downward-sloping line relating price and quantity demanded is called the demand curve.

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