Question: Graphing simply supply and demand upon a linear, one-dimensional graph represent that the slope remains constant at each point of the curve. The linear demand

Graphing simply supply and demand upon a linear, one-dimensional graph represent that the slope remains constant at each point of the curve.
The linear demand curve shows that at each point of the demand curve, when the price of a commodity rise by 1 unit, the quantity demanded will go up by the same units. This might not be true when we talk about different economies at the global level.

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You make a good point The assumption of a linear constantslope supply and demand curves may not always hold true especially when considering different ... View full answer

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