Economy, asked by gorkhashekar, 8 months ago

the most we can say about the demand curve is that it slopes down unless it slopes up​

Answers

Answered by dhruvi3166
4

Answer:

Law of diminishing the marginal utility

Thus, when the quantity of goods is more, the marginal utility of the commodity is less. ... Also, when the price of the commodity is low, its demand increases. Hence, the demand curve slopes downwards from left to right.

Answered by PADMINI
5

Yes, the demand curve is slopes down.

Refer to an attachment for the demand curve

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 line from left to right .

Attachments:
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