The brand new consult agenda found from the Desk step 1 and the request curve found because of the chart in Profile 1 are a couple of method of describing a comparable matchmaking anywhere between rate and you can wide variety required.
Request contours look some various other each unit. They could appear relatively steep or flat, otherwise they truly are straight otherwise curved. A lot of consult contours share the essential resemblance which they hill off from kept so you can proper. Along these lines, request contours embody what the law states off demand: Because price expands, the total amount recommended decrease, and you may in contrast, since the rates reduces, extent recommended develops.
Into the financial words, demand isn’t the just like amounts demanded. When economists talk about request, they mean the connection between a variety of prices and quantity required in the men and women rates, as the represented because of the a demand contour otherwise a request agenda.
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