Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA BT – FIA FBT › chapter 4 graphs
- This topic has 3 replies, 2 voices, and was last updated 7 years ago by Ken Garrett.
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- December 20, 2016 at 10:08 am #364071
can u please explain the graphs in chapter 4 of BPP text? i am not able to unerstand them and your notes dont seem to have them
December 20, 2016 at 2:16 pm #364086I have only a very old of the BPP text so I don’t know if the graphs in Chapter 4 are the same as you are talking about.
In my copy there are two graphs, both of a demand curve or schedule.Both show that as the price falls (ie you reduce the reading on the vertical axes) demand increases. So in Figure 1, at a price of 6 there is a demand of 1kg, but by the time price is reduced to 2, demand will have increased to 8. This is normal behaviour: lower prices usually means that more items will sell.
Figure 2 is essentially the same except that the demand line is not straight. There is no particular reason why it should be linear. Again, lower prices mean more units are demanded.
Look on pages 116 and 117 of the Opentuition notes for our demand curves and listen to the lecture.
December 21, 2016 at 9:33 am #364136is there anyway i can get a detailed understanding? the OT notes still didnt help
December 21, 2016 at 3:12 pm #364151Did you listen the lectures?
If you didn’t understand the BPP text, the OT notes, my reply above or the OT lectures then I suggest you try Googling ‘demand curve’
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