The Graduate Management Admission Test is a Standardized test that measures verbal, mathematical and analytical writing skills. It is intended to help the graduate schools of business assess the potential of applicants for advanced study in business and management.
Demand Curve and Demand Schedule. The term demand refers to the entire relationship between. the price of the good and quantity demanded of the good. A demand curve shows the relationship between the. quantity demanded of a good and its price when all other. influences on consumersâ planned purchases remain the. same.
The demand curve is a downward-sloping line, which reflects the fact that at higher prices, fewer consumers demand a product. In other words, the demand curve is a series of intersections, showing exactly how many products consumers will demand at a particular price point.