Business Studies, asked by boekeannabelle, 1 year ago

The demand curve has what kind of slope?

Answers

Answered by ans81
2
the income and substitution effect can also be used to explain why the demand curve slope downward if we assume that money income is fixed, the income effect suggest that, as the price of good face, real income that is, what consumers can buy with their money income - rises and consumers increase their demands.

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Answered by Anonymous
2
Hey mate ^_^

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Answer:
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=> Slope of the demand curve is negative. 

=> Downward slope of demand curve indicates the negative relationship between quantity demanded of the good and the price. 

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