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If the price of chocolate increases, in the market for chocolate this will cause an upward movement along the demand curve.
The demand curve is a graphical illustration of the connection between the fee of a great or service and the quantity demanded for a given time frame. In a standard representation, the price will seem on the left vertical axis, and the amount demanded on the horizontal axis.
In economics, a demand curve is a graph depicting the connection between the fee of a sure commodity and the amount of that commodity this is demanded at that charge. demand curves may be used either for the rate-amount dating for a man or woman customer, or for all consumers in a specific marketplace.
A demand curve is a graph that indicates the amount demanded at each fee. from time to time the demand curve is likewise known as a call for schedule due to the fact it's miles a graphical illustration of the demand schedules.
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