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Why does demand curve slopes downward

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Why does demand curve slopes downward

Posted by Priyanshu Gupta 7 years, 6 months ago

CBSE > Class 11 > Economics

3 answers

Aradhya Agarwal 7 years, 6 months ago

According to law of demand the quantity of the goods bought increase as the price of the good decrease.hence following the fact the demand curve slopes downward

Arpit Dhingra 7 years, 6 months ago

Due to law of diminishing marginal utility, substitution effect, income effect and alternative uses of commodity thats why demand curve slopes downward to the right

Md Ibrar 7 years, 6 months ago

Due to increased in prices

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