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50 400 elastic - PowerPoint PPT Presentation

Demand

Demand. Demand Schedule. P. Q D. $4/lb. .5 million. $3/lb. 1million. $2/lb. 2 million. Oranges. Law of Demand. As P , Q D (As P , Q D ) There is an inverse relationship between P and Q D NOT As P , D NOT As Q D , P NOT As D , S. Demand Curve. P. $4 $3 $2. D. Q D.

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50 400 elastic - PowerPoint PPT Presentation

Demand