The demand curve is a graphical representation of the relationship between the price of a product and the quantity that the market will buy over a given period of time at that price. It shows the number of units that the market will acquire at various possible prices.
In most cases, the demand curve slopes downward and to the right, reflecting the law of demand: a higher price leads to lower demand, while a lower price stimulates greater demand. The elasticity of demand (how much demand changes when the price changes) is critical information for pricing.
