Give reason "Demand curve slopes downward from left to right."
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A demand curve, shown in red and shifting to the right, demonstrating the inverse relationship between price and quantity demanded (the curve slopes downwards from left to right; higher prices reduce the quantity demanded). :::::> This is not true, as shown on the graph where a higher price (P1 -> P2) results in a greater quantity demanded (Q1 -> Q2). A shift of the demand curve does not result from a change in price; it results from a change in demand. What should be shown is movement ALONG the demand curve (D1) to a higher price point, which will result in a smaller quantity demanded.
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Yes, Demand curve slopes downward from left to right because when the price of the goods rises then their demand will falls.
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 .
Yes, Demand curve slopes downward from left to right because when the price of the goods rises then their demand will falls.
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 .
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