• A Publisher Faces The Following Demand Schedule For The Next Novel
• A Publisher Faces The Following Demand Schedule For The Next Novel
• A Publisher Faces The Following Demand Schedule For The Next

A publisher faces the following demand schedule for the next novel one of its popular authors: price quantity demanded $100 0 90 100,000 80 200,000 70 300,000 60 400,000 50 500,000 40 600,000 30 700,000 20 800,000 10 900,000 0 1,000,000 The author is paid $2 million to wite the book, and the marginal cost of publishing the book is a constant $10 per book. A)compute total revenue, total cost, and profit at each quantity.

The demand curve is the opposite of the supply curve and itassumes that the cheaper the goods become the more consumers willpurchase

Demand curve is slope downward because of inverse relationshipbetween price and quantity.

The demand curve slopes downwards due to the followingreasons

(1) Substitution effect: When the price of a commodity falls, itbecomes relatively cheaper than other substitute commodities. Thisinduces the consumer to substitute the commodity whose price hasfallen for other commodities, which have now become relativelyexpensive. As a result of this substitution effect, the quantitydemanded of the commodity, whose price has fallen, rises.

(2) Income effect: When the price of a commodity falls, theconsumer can buy more quantity of the commodity with his givenincome, as a result of a fall in the price of the commodity,consumer's real income or purchasing power increases. This increaseinduces the consumer to buy more of that commodity. This is calledincome effect.

(3) Number of consumers: When price of a commodity is relativelyhigh, only few consumers can afford to buy it, And when its pricefalls, more numbers of consumers would start buying it because someof those who previously could not afford to buy may now afford tobuy it, Thus, when the price of a commodity falls, the number ofits consumers increases and this also tends to raise the marketdemand for the commodity.

(4) various uses of a commodity

(5) law of diminishing marginal utility

It is assumed that if all thinngs remain constant once the priceof a good decreases you buy more hence the reason for the negativeslope dowards of the demand curve

Why is the demand curve slopes downwards with illustration?

Because as the price goes up, people demand less, thus, the demand curve as a negative slope.

Why does a demand curve slope downwards?

We have seen already that demand curves (price Demand) slope downwards from left to right. Since demand curve is only a geometrical representation of the law of demand with 'quantity' on the X axis, and 'price' on the Y axis, the shape of the demand curve has to be necessarily of one sloping downwards showing that more is demanded at a lower price. The question why does the demand curve slope downwards is an indirect… Read More

Why does demand curve for a monopolist slope downward?

Virtually all demand curves slope downwards, except for, perhaps, absolutely essential life-saving medication. The demand curve does not depend on the type of organization supplying the good or service, it depends on peoples willingness to buy that good or service. As price increases for any good or service, people are inclined to cut back on the quantities they purchase. Therefore, the demand curve slopes downwards.

Is the elasticity of demand curve equal to the slope of the demand curve?

Price elasticity of demand is equal to the instantaneous slope of the demand curve, or the slope of the tangent line at any point on the demand curve. So if the demand curve is represented by a straight downward sloping line, then yes, price elasticity of demand is equal to the slope of the demand curve. Otherwise, the slope at any point on the curve is changing, and you can find the it by taking… Read More

Why does demand curve slope downwards?

Demand curves slopes downward because of the law of marginal utility. Addition of each unit take by a consumer increases total utility but it decreases marginal utility that is why Demand Curve slopes downward.

Why demand curve slope downward?

Demand curve is slope downward because of inverse relationship between price and quantity.

What is difference between slope and the calculation of elasticity for a linear demand curve?

Along a linear demand curve elasticity varies from point to point of the demand curve with respect to different price, but slope is constant

Why does the demand curve slops downwards?

Because in Economics, the demand curve always goes down. It's always changing because or suppy and demand.

Is demand curve canbe upwardly sloping?

A demand curve can have an upwards slope. It solely depends on if the demand for an item is high or low.

How does the principle of diminishing marginal utility explain the slope of the demand curve?

The principle of diminishing marginal utility explains the slope of the demand curve by letting us be able to see which direction the slope is in, which is always downward.

Explain the difference between price elasticity of demand and the slope of a demand curve?

Price elasticity is a specific type of slope of the demand curve. A perfectly inelastic demand means that the quantity will not change with the price. This line is perfectly vertical. A perfectly elastic demand curve is horizontal and means that at any given quantity, there is only one price. Also, a slope gets steeper, demand becomes more inelastic.

What are demand curve and demand schedule?

a demand curve is a single curve which slopes downwards from left to the right indicating an inverse relationship between price and quantity demanded. a demand schedule is a table which gives the quantity demanded at each range of prices.

What is the paradoxical demand curve?

Paradoxical demand curve is a theory that the slope of a product will change a different times. This is called Griffin's Paradox.

What are the demand schedule and the demand curve and how are they related?

i. A demand curve is a single curve which slopes downwards from left to the right indicating an inverse relationship between price and quantity demanded And A demand schedule is a table which gives the quantity demanded at each range of prices.

Indifference curve analysis is not much in use because it only tells us that demand curve has a negative slope except when they don't .?

indifference curve analysis is not much in use because it only tells us that demand curve has a negative slope except when they don't ....

Why do the demand curve slope downward?

The demand curve will have a downward slope indicating ________ . A. the expansion of demand with a fall in price B. contraction of demand with a rise in price C. the expansion of demand with a fall in price and contraction of demand with a rise in price D. rise in price causes a rise in supply

Explain the difference between elasticity of demand and the slope of a demand curve?

The demand curve is drawn with price on the vertical axis and quantity demanded on the horizontal axis. Mathematically, the slope of a curve is represented by rise over run, or the change in the variable on the vertical axis divided by the change in the variable on the horizontal axis. Therefore, the slope of the demand curve represents change in price divided by change in quantity. Elasticity, on the other hand, aims to quantify… Read More

What is abnormal demand curve?

Abnormal demand curve is a curve which slopes downwards from left to right indicating that price and quantity demanded has an inverse relationship and as price falls quantity demanded increase and as price increases quantity demanded decrease, this brings about a shift along the same demand curve

What is the relationship between the demand curve and demand schedule?

Simply put, demand schedule refers to a tabular representation of the quantity of a commodity demanded at various price levels. While demand curve is a graphical representation of the figures in the demand schedule. The curve is usually a line sloping downwards from left to right(except for abnormal demand).

Why demand curve slope downwards under perfect competition?

Because in order to induce consumers to buy more in a market, price must be reduced. With a lower price, more consumers will be willing and able to purchase the good.

Why does a normal demand curve have a negative slope?

as price of an item rises the demand for it in the market normally decreases. that is a negative slope. there are markets where this is not the case, but they are considered abnormal.

Slope of demand curve?

Is always negative. (should be in all caps for emphasis)

Does a demand curve always have a positive slope?

Demand curves almost always have negative slopes. The Y value being price and the X value being quantity. The higher the price, the more negative the slope. There are very rare conditions where a demand curve could have a positive slope, but its not normally used in business classes.

For a given increase in supply the slope of both demand curve and supply curve affect the change in equilibrium quantity Is this statement true or false Explain with diagrams?

For a given increase in supply the slope of both demand curve and supply curve affect the change in equilibrium quantity Is this statement true or false Explain with diagrams?

Why does the demand curve have negative slope?

because quantity is on x axis and price is on y axis and as the price increase the demand decrease

What happens to the supply curve when supply and demand both increase?

There is two types of increase for supply. 1) Movement along the demand curve (upwards or downwards) which is subjected to the shifting of the demand curve 2) Shift of the supply curve. For the first case, the supply curve does not shift but there is increased production to meet the new market demand. Supply will increase as there is a upward movement along the supply curve, and until the new market equilibrium is achieved… Read More

A Publisher Faces The Following Demand Schedule For The Next Novel

Why do aggregate demand curve slope downward explain briefly?

A Publisher Faces The Following Demand Schedule For The Next Novel

Aggregate demand (AD) is a curve showing the total amount of goods and services (real GDP) that will be purchased at different price levels.

A Publisher Faces The Following Demand Schedule For The Next

What is the slope of a curve?

Slope of a Curve A number which is used to indicate the steepness of a curve at a particular point. The slope of a curve at a point is defined to be the slope of the tangent line. Thus the slope of a curve at a point is found using the derivative

Why does a demand curve slope downward from left to right?

A demand curve slopes downward left to right because the relationship between price and demand is negative - as price drops demand rises. The opposite is true for a supply curve where as price rises supply rises - the relationship is positive so the supply curve slopes upward from left to right. Nova net answer- because demand decreases as price increases

Does the production possibilities curve slope downward?

Yes, production possibility curve slopes downwards to the right indicating that the economy has to forgo some quantity of one commodity to have more quantity of other commodity.

Why does Demand curve slope downward to right are there any exceptions to it?

Demand slopes downward and to the right because more people will demand a product when there isn't much of it. As quantities increase, the demand slows.

What are the three characteristics of a supply curve?

The three characteristics of a supply curve are the slope, shift, and the curve's position. Together they help determine supply and demand trends.

How the slope of the demand curve can be explained by the principle of marginal utility?

The demand curve is negatively sloped because it is based on the principle of marginal utility and this utility decreases as consumption increases. The demand price which depends on the marginal utility of a good also declines as consumption increases, so quantity and price are inversely related, leading to the negative curve and the law of demand.

Do both monetary policy and fiscal policy shift the aggregate demand curve?

Yes. An expansionary fiscal policy, or more optimistic growth expectations in the private sector will shift the aggregate demand (AD) curve upwards. The position of the AD curve is also affected by the central bank's inflation target, if the target falls, the AD curve will shift downwards. Monetary policy influences the slope of the AD curve as well as the position. If the central bank put strong emphasis on fighting inflation and little emphasis on… Read More

True or False the steeper the demand curve the less elastic the demand curve?

It is false that the steeper the demand curve the less elastic the demand curve. The steeper line is used in economics to indicate the inelastic demand curve.

Is a demand curve created from a demand schedule?

The data on a demand schedule can be plotted on a demand curve. Often, a demand schedule will be created before the creation of a demand curve, so as to allow for greater accuracy when plotting the demand curve.

Why does the demand curve slope up ward?

Because for a normal good, as price increases, demand decreases as consumers will look for a substitute good or decide that the good is not worth the money.

What the primary difference between aggregate demand curve and individual demand curve?

aggregate demand curve is the total sum of all the individual demand curves while individual demand curve is the demand made by the single individual.

Is an increase in demand represented by a movement up the demand curve?

An increase in demand is represented by a shift of the demand curve to the right; not a movement along the demand curve. An increase in the quantity demanded would be a movement down the demand curve.

Alfred Marshall's demand curve?

alfred Marshall demand curve from price consumption curve the demand and supply curves, are attributed to Alfred Marshal(a normal demand curve, slopes downwards from left to right : a negative slope , but a normal supply curve, slopes upwards from left to right : a positive slope) the shapes of the supply and demand curves, are derived from the ceteris assumption that 'all other factors like incomes of consumers, preferences, inferiority criteria, substitute-effect, government policies… Read More

What is a demand curve and how it is different from demand function?

The demand curve demonstrates what happens when a product is demanded by customers. A demand function refers to an event that can affect the demand curve.

Why does the LM curve slope upwards?

In equilibrium: Money supply = Money demand. Summarizing it, we can explain the upward sloping LM curve as following: If income is high then the demand for money will be high relative to the fixed supply. In order to equilibrate money demand and money supply, interest rates have to also be high to reduce money demand

How do you find the slope of a graph if it is a curve?

You find the slope of the tangent to the curve at the point of interest.

What is a slope line?

If I understand the question correctly, the slope line to a curve, at a given point on the curve, is the tangent to the curve at that point.