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127-Beat_the_Teacher_2_answers

127-Beat_the_Teacher_2_answers - Beat the Teacher Highlight...

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Beat the Teacher Highlight any errors you find in the following article Demand Demand is the quantity a buyer is willing and able to sell (buy) at a given price in a given period of time. When we plot the demand curve, price is on the x axis and quantity is on the y axis. The demand curve is upward (downward – remember d for downward d for demand) sloping. This is because there is an inverse relationship between price and quantity i.e. as price rises quantity falls. A movement along the demand curve is caused by a change in the
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