The demand curve is a graphical representation of how the number of goods or services purchased by consumers changes in response to changing prices. It’s a powerful tool used by businesses to understand and predict what customers are willing to pay for certain services or products. By adjusting the price of their product, businesses can use the demand curve to get the most out of their operation while keeping their clients satisfied. A shift in the demand curve often indicates a change in conditions that necessitates an adjustment in pricing strategy. In essence, the demand curve is like a map tosuccess!