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As the price of a good or service decreases people generally want to buy more of it and vice versa. Why does an economist create a market demand curve? To predict how people will change their buying habits when prices change. A market demand schedule.Click to see full answer. Subsequently, one may also ask, why does an economist create a market demand curve Brainly?I believe economists create demand curve to predict how people will change their buying habits when prices change. The price appears on the horizontal axis and the quantity demanded on the y axis. The demand is the quantity of goods or services that the consumers are willing and able to buy at a given period of time. how does the substitution effect work when the price of an item drops? The substitution effect states that when the price of a good decreases, consumers will substitute away from goods that are relatively more expensive to the cheaper good. Beside this, what does it mean when you have demand for a good or service? Demand is an economic principle referring to a consumer’s desire to purchase goods and services and willingness to pay a price for a specific good or service. Holding all other factors constant, an increase in the price of a good or service will decrease the quantity demanded, and vice versa.What do economists call a situation in which consumers buy a different quantity then they did before at every price?Economists call a situation in which consumers buy a different quantity than they did before, at every price A CHANGE IN DEMAND.

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