The price of egg rises in winter and yet it is observed that the demand of egg is rising. Do it mean that the demand curve of eggs is upwards sloping?
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Yes the demand curve of the egg is upward sloping.
Explanation:
- with increase in the demand of a particular product there is increase in the price of the product.
- Another demand curve states that with increase in the supply of the product there is decrease in the price of a product will stop as there is increase in demand there is decrease of the availability of the product to a certain extent. As a result of this there is increase of price of the good.
To know more about demand curve,
explain the factors that shift the demand curve to the right? - Brainly.in
https://brainly.in/question/4830733
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