The demand curve shows the relationship between price and quantity demanded. . Demand curves can be employed to model the cost relationship.
A demand curve is a graph in economics that depicts the link between the price of a good or service and the amount of that good or service that is requested at that price. Demand curves can be employed to model the cost relationship for a single consumer or for all customers in a given market. The market demand curve is represented graphically as the lateral sum of individual demand curves.
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