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In the given Figure, DD is the demand curve for commodity X. As the price of the commodity falls from P1 to P2 the quantity demanded increases from Q1 to Q2. The area shaded vertically is found to be much larger than that shaded horizontally. The curve between E1 and E2

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Microeconomics is a branch of economics that analyzes market behavior of individuals and firms in order to understand their decision-making processes.


In the given Figure, DD is the demand curve for commodity X. As the price of the commodity falls from P1 to P2 the quantity demanded increases from Q1 to Q2. The area shaded vertically is found to be much larger than that shaded horizontally. The curve between E1 and E2






 
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