vitÂ·riÂ·fy (vÄ­tâ²rÉ-fÄ«â²) v. vitÂ·riÂ·fied, vitÂ·riÂ·fyÂ·ing, vitÂ·riÂ·fies v.tr. To change or make into glass or a glassy substance, especially through heat fusion. v.intr. To become vitreous.
We draw a demand curve to show the relationship between the price of the good and the quantity that consumers are willing to buy. For example, suppose people are willing to buy 20 pounds of strawberries at a price of $2, but are willing to buy 30 pounds if the price falls to $1.
The demand curve, which shows the relationship between the demand of a product and its price, is depicted by using a graph. Price appears on the vertical axis of the graph, while quantity goes on the horizontal axis. Certain factors affect the demand curve. The number of potential buyers that may purchase your company's products or services determines the size of the market. If the size of the market decreases, the demand curve shifts to the left, showing a higher price and fewer potential buyers.