This graph shows four demand curves between the competitive and monopoly prices.

  • The vertical axis is labeled Price.

  • The horizontal axis is labeled Quantity.

  • The top line curving up on the vertical toward the top of the Price axis, is labeled Isoelastic.

  • A second line, under the Isoelastic line and curving slightly less up toward the top of the Price axis is labeled AIDS.

  • A third line, curving less again toward the top of the Price axis is labeled Logit.

  • The final line, curving the least toward the Price axis, is labeled Linear.

  • As quanitity decreases, price increases.

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