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Why do marketers want to see and understand demand curves?

User Etoxin
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The demand curve is based on the price of an item and the amount that people are willing to pay for it. Marketers want to see this, because it helps them figure out how to advertise to the public and what the public wants. This can be useful in pricing items so that they are lower than that of the competitors.
User AchmadJP
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