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:
“We live in what virtually amounts to a museum—which does not happen to a lot of people.”
—Philip (b. 1921)