Why demand curve is downward
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Posted by Shubham Rana 6 years, 3 months ago
- 3 answers
Gaurav Seth 6 years, 3 months ago
There may be various reasons for the falling nature or downward sloping of demand curve. Some of them are as follows:
The following are the Causes of Downward Sloping of Demand Curve
- Law of diminishing the marginal utility
- Substitution effect
- Income effect
- New buyers
- Old buyers
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Ankit Yadav 6 years, 3 months ago
2Thank You