Why does Demand curve slope downwards …
CBSE, JEE, NEET, CUET
Question Bank, Mock Tests, Exam Papers
NCERT Solutions, Sample Papers, Notes, Videos
Posted by Gracy Choudhary 4 years, 11 months ago
- 2 answers
Gaurav Seth 4 years, 11 months ago
Demand curve slope downwards as because the individual buys more of a commodity at lower price. Hence, because of the inverse relationship between price and quantity demanded, the demand curve slope downward. Demand graph indicates that the quantity demanded of a product gets increased when the price falls, other things remaining constant.The consumer demand as a function of price is q=d(p). It states that quantity demanded changes when the price of the product varies.
Test
Related Questions
Posted by Charvi Charvi 1 year, 4 months ago
- 0 answers
Posted by Shiv Narayan Kumar 1 year, 4 months ago
- 1 answers
Posted by Vivek Saroj 1 year, 4 months ago
- 0 answers
Posted by Mahi Bansal 1 year, 4 months ago
- 0 answers
myCBSEguide
Trusted by 1 Crore+ Students
Test Generator
Create papers online. It's FREE.
CUET Mock Tests
75,000+ questions to practice only on myCBSEguide app
Harshita Dhariwal 4 years, 11 months ago
1Thank You