You had us baffled at "straight curve" .
Could you mean if you start at the north pole, walk in a straight line, you will eventually get back to the north pole and round in a circle. Hence a straight line but no end points.
Chat with our AI personalities
Elasticity varies along a straight-line demand curve by being different at different points. At the top of the curve, elasticity is more elastic, meaning small changes in price lead to larger changes in quantity demanded. At the bottom of the curve, elasticity is less elastic, meaning changes in price have less impact on quantity demanded.
A Bézier curve is a parametric curve defiend by a set of control points, two of which are the ends of the curve, and the others determine its shape.
Is negatively sloped linear curve
Points on the demand curve in economics represent the quantity of a good or service that consumers are willing and able to buy at different prices.
income consumption curve is the collection of points of the consumer's equilibrium resulting from varying income.....