Economy, asked by padma6743, 6 months ago

illustrate the reasons for negative sloping demand curve​

Answers

Answered by devil6416
3

According to this principle, the marginal utility of a commodity reduces when the quantity of goods is more. Consequently, when the quantity is more, the prices will fall and demand will increase. Hence, consumers will demand more goods when prices are less. This is why the demand curve slopes downwards.

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