Explain the relationship of price and demand through the help of a graph and what will consumer do if the price of the product rises? 10 marks
Question
Solution 1
The relationship between price and demand is typically depicted through a demand curve on a graph. Here's a step-by-step explanation:
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Draw a graph: The first step is to draw a graph with 'Price' on the y-axis and 'Quantity Demanded' on the x-axis.
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Plot the demand curve: The demand curve is Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
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