afzetlijn

The term "afzetlijn" is Dutch and translates to "demand curve" in English. In economics, a demand curve is a graphical representation of the relationship between the price of a good or service and the quantity that consumers are willing and able to purchase at that price, assuming all other factors remain constant. This concept is a fundamental aspect of microeconomics and is used to analyze market behavior and predict changes in consumer demand.

The demand curve typically slopes downward from left to right, indicating that as the price of a good decreases, the quantity demanded increases, and vice versa. This inverse relationship is known as the law of demand. The shape and position of the demand curve can vary depending on various factors, such as consumer preferences, income levels, and the availability of substitute goods.

Economists use demand curves to study market equilibrium, where the quantity demanded equals the quantity supplied. By understanding the demand curve, businesses and policymakers can make informed decisions about pricing, production, and resource allocation. Additionally, demand curves are essential for analyzing the impact of government interventions, such as taxes and subsidies, on market outcomes.