In economics, a demand curve represents the relationship between the quantity of a product demanded and its price. It is almost always downward-sloping, as more people are willing to buy the product ...

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...

Monopolistic competition sits between perfect competition and monopoly. Many firms compete, but each sells slightly differentiated products. This differentiation gives them some, but not complete, ...

A capacity curve or capacity utilization curve can be a useful tool for a small or large business in gauging customer demand for its goods and services. This is important for a business looking to ...

the notable demand alteration that occurs when an economic factor - such as the price of the good or service - changes. Elastic demand, as mentioned above, is the considerable change in the ...