Economy, asked by sonu8647, 10 months ago

why does demand curve slope downward? explain

Answers

Answered by pravinJ
6
hope this will help you
then please mark as branliest answer
Attachments:
Answered by jadhav50
3
The income and substitution effect can also be used to explain why thedemand curve slopes downwards. If we assume that money income is fixed, the income effect suggests that, as the price of a good falls, real income - that is, what consumers can buy with their money income - rises and consumers increase their demand
Similar questions