demand curve
- noun
- /dɪˈmænd kɜrv/
- Specialized
- Saudi Arabia operates on the elastic part of its demand curve, while OPEC operates on the inelastic segment of its demand curve.
- downward-sloping demand curve
- shift the demand curve
- net demand curve
If people's income change, it shifts their demand curve OK.
- If people's income change, it shifts their demand curve OK.
Examples
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To illustrate, Figure 2 contains an illustrative version of the short-run natural gas demand curve.
Academic text (1990) -
Winter weather was unusually cold, and that pushed the winter demand curve to the right.
Academic text (2001) -
In the long run, the position and shape of the demand curve will change.
Academic text (1990) -
So we have a demand curve for saving.
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Within each district, demand curves for water are defined for household, industrial, and agricultural uses of water.
Academic text (2006) -
The demand curve, D, represents consumers' willingness to pay for any specific quantity of the crop.
Academic text (2009) -
Economists call this shifting the demand curve outward, and no one disputes that it results in a bigger, more productive economy.
Academic text (2006) -
As institutional and capital constraints are relaxed, the portions of the demand curve tend to flatten.
Academic text (1990) -
As mentioned earlier, a monopolist or dominant producer must operate on the elastic part of the demand curve.
Academic text (2000) -
The demand curve shows how much of a product consumers are willing to buy at different prices.
Synonyms
How much people want and can buy of a product at a price
Antonyms
How Elastic
- Specialized
- Specialized
- Specialized
- Specialized
Surface Forms
Morphology
This is a transparent noun–noun composition: it denotes a curve (plotted line) that represents demand (the relationship between price and quantity). A B1 learner who knows 'demand' in the economic sense and 'curve' as a graphable line can readily infer this meaning; the construction is compositional and common across languages in economic terminology.
Etymology
Demand curve comes from a simple picture: a curved line on a graph that links demand, meaning how much people want, and the 'price' of a good. Because people buy less when the 'price' goes up, the line slopes down, so the curve shows how demand changes with 'price'.