Question

Demand curve slopes upward from left to right. (State whether the statement is TRUE or FALSE)

Answer 1

In microeconomics, the law of demand states that, "conditional on all else being equal, as the price of a good increases (↑), quantity demanded decreases (↓); conversely, as the price of a good decreases (↓), quantity demanded increases (↑)".[1] In other words, the law of demand describes an inverse relationship between price and quantity demanded of a good. Alternatively, other things being constant, quantity demanded of a commodity is inversely related to the price of the commodity.

Answer 2

Answer : $\bold{FALSE}$


The Given statement is "False". The Demand curve never slopes upward from left to right. It always slopes downward from left to right as shown in the attachment.


DEMAND - 

Demand is the quantity of certain goods which are desired by the consumers from the market. 


THE LAW OF DEMAND -

This is a inverse relationship between the prices of goods and it's demand . If the price of the goods rise then their demand will fall . In other words , The higher the price , The lower the quantity demanded . Demand curve is downward from left to right .