Question

Why slope of demand curve is negative in case of normal goods?

Answer 1

Demand curve is the price Vs  the quantity of a commodity demanded or purchased or requested from customers or vendors.     P  vs  Q   curve.
This is the curve as perceived by the producer or manufacturer.

The customer/consumer wants to buy more quantities at a time only if the price per item reduces (bargain).  Otherwise there is no advantage of buying in larger quantities.  Manufacturer also benefits from this sale or transaction as larger quantity of a commodity is disposed of into market.  Even though profit on an item of commodity is lesser, the total profit on the manufacturing and sales processes will be more for the manufacturer.

So for normal goods the demand curve slopes down vs quantity of commodity.

Answer 2

Heya user ✨✨

Normal Goods are those in case of which there is a positive relationship between income and quantity demand .Other thing remaining constant , quantity demand increase in response to increase in consumer income and demand decrease in decrease in income of the consumer..



In case case of normal good there is always inverse relationship between on price of the commodity and quantity demand .