Economy, asked by ramneetkour2457, 8 months ago

Why does demand curve slope downwards?

Answers

Answered by shikharsharma95366

2

Explanation:

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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