Economy, asked by puripratishtha950, 10 months ago

why is transformation line downward slope

Answers

Answered by Pɪᴋᴀᴄʜᴜɢɪʀʟ

Explanation:

The demand curve slopes downward because of diminishing marginal utility, and also because of the substitution and income effects. ... On a graph with price on the vertical axis and quantity on the horizontal, this is shown as a demand curve sloping downward from left to right.

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