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Simple ways to remember the shape of curves

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How do you remember the shapes and elasticities of demand and supply curves in Microeconomics? This solution helps you memorize the shapes of different curves in an easy to remember way.

How do you remember how the axes are labelled for market equilibrium? This solution gives you an easy trick to remember the correct labeling of axes.

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Solution Summary

This solution describes quick and easy tricks for memorizing shapes of curves and elasticities, given in 163 words.

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Demand Curve: Demand curves are always downward sloping. 'Demand' and 'Downward' both start with a 'D'. So, you can remember the slope of the demand curve by remembering that the curve that starts with 'D' slopes downward.

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