Grab a napkin, a spreadsheet, or your phone’s notes app. Plot your points: price on the vertical axis, quantity on the horizontal. Connect the dots, and you’ll see a line that slopes down—that’s your demand curve. It’s not rocket science; it’s visual storytelling.
Ex: Determine a Linear Demand Function - YouTube
That slope tells you something profound: how sensitive your customers are to price changes. A steep slope means people are very picky. A gentle slope? They’ll still buy your tacos even if you raise the price a bit. Knowledge is power, especially when you’re setting prices.
