Why does demand curve slope downward?
Why does demand curve slope downward?
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Newton D
When price fall the quantity demanded of a commodity rises and vice versa, other things remaining the same. It is due to this law of demand that demand curve slopes downward to the right. … In other words, as a result of the fall in the price of the commodity, consumer’s real income or purchasing power increases.
manish1008
When price fall the quantity demanded of a commodity rises and vice versa, other things remaining the same. It is due to this law of demand that demand curve slopes downward to the right.