ECON 2010 Chapter Notes - Chapter 4: Demand Curve, Mercedes-Benz 130

• School: CU-Boulder
• Department: Economics
• Course: ECON 2010
• Professor: Gourley

Document Summary

The following is a demand schedule of an ice-cream cone: a demand curve is the visual representation through a graph of the relationship between the price of a good and the quantity demanded. The market demand for ice-cream cones: an increase in demand results in a shift to the right of a demand curve, a decrease in demand results in a shift to the left of a demand curve. Increase or decrease of demand occurs when a determinant of demand other than price changes: Changes in tastes and fashion can alter the demand of a good or service. Changes in expectations of the future can alter the demand of a good or. The supply schedule of ice-cream cones: a supply curve is a visual representation through a graph of the relationship between the price of a good and the quantity supplied.