ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -A demand curve is a graph showing the quantity demanded at each and every possible price that might prevail in the market at a given time.

Detailed explanation-2: -Demand is represented by entire demand curve; quantity demanded is represented by a single point on the demand curve that correlates with one price and one quantity.

Detailed explanation-3: -The demand curve is a graphical representation of the relationship between the price of a good or service and the quantity demanded for a given period of time. In a typical representation, the price will appear on the left vertical axis, the quantity demanded on the horizontal axis.

Detailed explanation-4: -The graphical representation of the demand schedule is called the demand curve. When graphing the demand curve, price goes on the vertical axis and quantity demanded goes on the horizontal axis.