Question

Date
Explain the reason
behind the downward
demand
slope of the
curve​

Answer 1

Explanation:

The law of demand is based on the law of Diminishing Marginal Utility. According to this law, when a consumer buys more units of a commodity, the marginal utility of that commodity continues to decline. ... Thus, due to the price effect when consumers consume more or less of the commodity, the demand curve slopes downward.