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downward
Yes,it's always downward sloping
true because it is still supply and demand downward sloping
The law of supply predicts the supply curve will be upward sloping.
The demand curve is downward sloping for 3 reasons: income effect, substitution effect, and the law of diminishing marginal utility.Income effect - if a product's price falls, the purchasing power of a consumer will increase, and therefore, there will be greater quantity demanded at lower prices; the inverse (higher prices--->less quantity demanded) is also true.Substitution effect - if the product price is lower, consumers will shift from purchasing a substitute (a similar product) to buying more of this particular product, therefore, the quantity demanded is higher at lower prices.Diminishing MU - the more additional units a consumer buys of a good, the less marginal utility they receive from it (they are less happy with buying each new one). So to make them buy more of what they are already buying, you have to lower the price.
A perfectly price-inelastic demand curve is vertical (Parallel to Y-axix) because the percentage change in quantity demanded is nil whatever the percentage change happens in price.
sloping
downward
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Yes,it's always downward sloping
A shield volcano is broad with gently sloping sides.
true because it is still supply and demand downward sloping
ramp
A shield volcano is broad with gently sloping sides.
A inclined plane with two sloping sides is a duquesne incline.
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