why does a demand curve slope downwards
Answers
Answered by
4
Answer:
Explanation:
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.
Answered by
2
Explanation:
DEMAND IS INVERSELY PROPORTIONATE TO PRICE.WHEN THE PRICE DECREASE DEMAND RISES AND WHEN PRICE INCREASE DEMAND FALLS.SO THE CURVE FALLS FROM LEFT TO RIGHT
Similar questions