Economy, asked by jen137, 8 months ago

What do you mean by demand curve ? Why the demand curve slopes downwards to right ?

Answers

Answered by sampurnaa14

4

Answer:

When price fall the quantity demanded of a commodity rises and vice versa, other things remaining the same. It is due to this law of demand that demand curve slopes downward to the right. ... In other words, as a result of the fall in the price of the commodity, consumer's real income or purchasing power increases.

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Answered by agrabxb14

2

Answer:When price fall the quantity demanded of a commodity rises and vice versa, other things remaining the same. It is due to this law of demand that demand curve slopes downward to the right. ... In other words, as a result of the fall in the price of the commodity, consumer's real income or purchasing power increases.

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