Question

why demand curve is sloping downward​

Answer 1

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.

Answer 2

Answer:

Hey mate

=>There are three basic reasons for the downward sloping aggregate demand curve.

(i) These are Pigou's wealth effect,

(ii) Keynes's interest-rate effect,

(iii) Mundell-Fleming's exchange-rate effect.

Hope it will be helpful to you

Thanks ☺️ ♥️ ✌️