Inelastic Demand Curve . ... This is a fundamental economic principle that holds that the quantity of a product purchased varies inversely with its price. ... On the demand curve graph, ...

The demand curve, on the other hand, is a graph that shows the relationship between what a product costs and how much a consumer is willing and able to pay at a given price.

What does change, however, is the position that the curve occupies on the graph. Thus, in the event of a price change, the entire demand curve will either shift to the right or shift to the left ...

The “Laffer curve” is the most notable economics graph of the 20 th century. It shows (as Laffer explained to the Ford people in 1974) that at a certain point, tax rates can get so high that ...

The Laffer curve--a bell curve looking like a "McDonald's arch on its side," as the great Wall Street Journal editor Robert L. Bartley described it--remains the most recognizable economics graph of ...

For example, the graph below based on work by economists Thomas Piketty and Emmanuel Saez shows the income share of the top 10% of households in the United States between the years 1917 and 1970.