Economy, asked by lucyfirst30, 4 months ago

why demand curve is downward sloping. Give reason​

Answers

Answered by Anonymous
4

Answer:

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

Explanation:

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Answered by aanurayaprol
0

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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