Demand Curves:

Demand Curves are graphical representations that illustrate the relationship between the price of a product or service and the quantity demanded by consumers in a market, holding other factors constant. Demand curves slope downwards from left to right, indicating an inverse relationship between price and quantity demanded, based on the law of demand. As the price of a product decreases, the quantity demanded increases, and vice versa, reflecting consumer preferences, purchasing power, and substitution effects. Demand curves are fundamental tools in microeconomic analysis and pricing strategies.