1 DEMAND CURVE In general, the demand for a product is dependent upon the specifc unit price that is charged a The selling price falls then the demand will rise a The selling price rises then the demand will fall An inverse relationship between demand and selling price This type of relationship can be represented by[1] DEMAND CURVE ◼ In general, the demand for a product is dependent upon the specifc unit price that is charged. ❑ The selling price falls then the demand will rise ; ❑ The selling price rises then the demand will fall; ◼ An inverse relationship between demand and selling price. ◼ This type of relationship can be represented by: