Demand Curve
The demand curve is the graphical representation of the relationship between the price and the amount buyers are willing to demand in the market. The demand curve below illustrates an indirect relationship between price and quantity. What you should not do, however, is assume the only factor that affects demand is price. In fact there are a number of factors affecting demand and we can demonstrate all of them in the demand curve. The relationship between price and demand is captured in the slope of the curve. In this case we have a negative slope which indicates a price increase will mean less is demanded in the market. If any of the other factors affecting demand change, we will see this in a shift of the curve.
Demand Curve
