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Let and define a relation on as follows: for all ,
(a) Is ? Is ? Is ? Is ?
(b) Draw the directed graph of .
Quantity Demanded
The total amount of a good or service that consumers are willing and able to purchase at a given price in a given time period.
Demand Curve
A graph showing the quantity of a good that consumers are willing and able to purchase at various prices.
Quantity Demanded
The total amount of a good or service that consumers are willing and able to purchase at a specific price.
Demand Curve
A graph showing the relationship between the price of a good and the quantity demanded by consumers, typically downward sloping.
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