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Answer to Question #272912 in Microeconomics for Chala

Question #272912

Explain the relationship between the Price Consumption Curve and the demand curve.


1
Expert's answer
2021-11-30T18:09:03-0500

A demand curve is a graphic representation of the relationship between product price and quantity demanded, whereas a price-consumption curve is a graph that depicts how a consumer's consumption choices vary when the price of one of the commodities varies.


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