9. Why the demand curve slope down words from left to write?
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The law of diminishing marginal utility states that with each increasing quantity of the commodity, its marginal utility declines. ... Also, when the price of the commodity is low, its demand increases. Hence, the demand curve slopes downwards from left to right.
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According to this principle, the marginal utility of a commodity reduces when the quantity of goods is more. Consequently, when the quantity is more, the prices will fall and demand will increase. Hence, consumers will demand more goods when prices are less. This is why the demand curve slopes downwards.
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