Answer to Question #70625 in Economics of Enterprise for margaret

Question

Suppose you decide to produce maheu and you discover it has a demand function given by

Answer 1

The demand curve is the graph depicting the relationship between the price of a certain commodity and the amount of it that consumers are willing and able to purchase at any given price. It is a graphic representation of a market demand schedule. It is a graphical representation of a demand function. The demand curve for all consumers together follows from the demand curve of every individual consumer: the individual demands at each price are added together, assuming independent decision-making.
Reference:
https://en.wikipedia.org/wiki/Demand_curve