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What is demand curve and demand function? |
Answer» Demand curve is a curve that is used in Microeconomics to determine how much quantity of any particular commodity that people are willing to purchase with corresponding changes in its price.It is represented as the price of the commodity on y-axis and the quantity demanded at the x-axis in a graph.Demand function shows the relationship between quantity demanded for a particular commodity and the factors that are influencing it. | |