![Explain and illustrate an aggregate demand curve Explain and illustrate an aggregate demand curve](https://digitalteachers.co.ug/wp-content/uploads/2022/09/Bbosa-Science.png)
Explain and illustrate an aggregate demand curve
A demand curve is the locus of points showing total demand of finished goods and service produced in an economy by both households and firms in a period of time. It draws on assumption that the higher the price, the lower the quantity demanded other factors remaining constant.
Aggregate demand curve is the horizontal summation of all individual household demand curves.
CATEGORIES Economics
TAGS Dr. Bbosa Science