Economy, asked by arshdeepsingh76960, 8 months ago


Explain the reasons for negative slope of demand curve.​

Answers

Answered by asha202
2

Answer:

prefer to it child

Explanation:

It has a negative slope because the two important variables price and quantity work in opposite direction. ... The consumer, therefore, will purchase more units of that commodity only if its price falls. Thus a decrease in price brings about an increase, in demand. The demand curve, therefore, is downward sloping.

Answered by skakss123
2

Answer:

It has a negative slope because the two important variables price and quantity work in opposite direction. ... The consumer, therefore, will purchase more units of that commodity only if its price falls. Thus a decrease in price brings about an increase, in demand. The demand curve, therefore, is downward sloping.

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