Question

explain why the demand curve is downward sloping​

Answer 1

Answer:

That is why the demand curve is downward sloping. ... Thus, due to the price effect when consumers consume more or less of the commodity, the demand curve slopes downward. 3. When the price of a commodity falls, the real income of the consumer increases because he has to spend less in order to buy the same quantity.

Answer 2

Answer:

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