BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -A demand curve is graph that shows the relationship between the price of a good or service and the quantity demanded within a specified time frame.

Detailed explanation-2: -Demand Curve-a diagram showing the relationship between the price of a good and the quantity demanded per period of time, other things equal. Market Demand-the sum of the quantities demanded of all the consumers in the market at given alternative prices per period of time, other things equal.

Detailed explanation-3: -demand curve, in economics, a graphic representation of the relationship between product price and the quantity of the product demanded. It is drawn with price on the vertical axis of the graph and quantity demanded on the horizontal axis.

Detailed explanation-4: -The demand curve shows the relationship between the quantity demanded with respect to price. The AR curve is horizontal because the price remains the same for each level of output and the price of the product determines its demand in the market. Therefore, the AR curve is known as demand curve in perfect competition.

Detailed explanation-5: -The price consumption curve (PCC) shows the quantities of two goods a consumer will purchase as the price of one of the goods changes, while a demand curve shows the quantity of one good a consumer will purchase as the price of that good changes.