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demand curve

demand curve in Culture

demand curve definition


A mathematical curve, drawn on a graph, that represents what the demand for a commodity would be if its price ranged anywhere from zero to infinity. The point at which it intersects the supply curve for the same commodity supposedly establishes the price of the commodity in a free market. (See supply and demand.)

The American HeritageĀ® New Dictionary of Cultural Literacy, Third Edition
Copyright Ā© 2005 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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