The Nature of DemandDemand is the quantity of a good or service that people are willing to buy at various prices. The higher the price, the lower the quantity demanded, and vice versa. A graph of this relationship is called a demand curve. Let’s assume you own a store that sells jackets for snowboarders. From past experience, you know how many jackets you can sell at different prices. A demand curve depicts this information. The x-axis (horizontal axis) shows the quantity of jackets, and the Read More