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What is the reason behind negative …

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What is the reason behind negative slope in demand curve

    • Posted by Anjali Gupta 7 years, 2 months ago

    CBSE > Class 12 > Economics
    • 2 answers

    Deepak Kumar 7 years, 2 months ago

    Because demand is inversely related to its price. And according to law of demand...when price increases than demand decreases and vice versa..so that demand curve is negatively sloped.

    0Thank You

    Samira . 7 years, 2 months ago

    Rise in marginal opportunity cost . If we want to consume more amount of good X then we have to sacrifice some amounts of good Y . And also because of law diminishing marginal utility.

    1Thank You

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