Concept
Version 6
Created by Boundless
Willingness to Pay and the Demand Curve
Supply and demand graph
The downward sloping demand curve reflects the fact that as price increases, consumers willing to purchase less of the good or service.
Source
Boundless vets and curates high-quality, openly licensed content from around the Internet. This particular resource used the following sources:
"Why is Music Cheaper Now?
It's as Simple as Supply and Demand - MTT - Music Think Tank."
http://www.musicthinktank.com/blog/why-is-music-cheaper-now-its-as-simple-as-supply-and-demand.html
Music Think Tank
CC BY.