Discreteness of Amounts
If a commodity is sold in whole units, and these are substantial for a consumer, then the individual demand curve can hardly be approximated by a continuous curve. It is a set function of the price, defined by a price above which no unit is bought, a price range for which one is bought, etc.
Read more about this topic: Demand Curve
Famous quotes containing the word amounts:
“Land is the only thing in the world that amounts to anything, for ‘tis the only thing in this world that lasts.... ‘Tis the only thing worth working for, worth fighting for—worth dying for.”
—Margaret Mitchell (1900–1949)