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help required: law of demand

 
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help required: law of demand
maani
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#4
08-03-2006, 06:38 PM
It is a general practice to take Dependent variable on Y-Axis and Independent on X-Axis....it is a "general practice", not a "Rule"...so you can take independent variable on any of the axis...

now take a demand schedule and draw a curve taking price on x-axis and quantity demanded on y-axis...you will sill get a negative sloped demand curve...

still any confusion on queries?
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help required: law of demand - by israrhere - 07-31-2006, 09:12 PM
[No subject] - by noman - 08-01-2006, 07:54 AM
[No subject] - by israrhere - 08-01-2006, 08:48 PM
[No subject] - by maani - 08-03-2006, 06:38 PM
[No subject] - by israrhere - 08-04-2006, 04:50 AM

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