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It doesn't have to be! It depends how you label x and y axis on your graph.
But generally, the higher the price an item is demand will be less and conversly the lower the price, the higher demand will be.
Conventionally, we put price on the y axis(vertically) and supply (horizontally) on the x axis. However, this can be reversed to give an upward sloping demand curve.
What else can I help you with?
The individual demand curve is downward slopping use income and substitution effect to explain?
help me with the answer
Why demand curve downward slopping?
The demand curve is plotted with quantity on the horizontal axis and price on the vertical. As the price of a good increases, people will want/be able to purchase less of it. If the price decreases, the quantity people will buy more.
Why Demand Curve slopes downward from left to right?
why demand curve slopes downward from left to the right
How does a market demand curve differ from a demand curve How are they similar?
downward sloping
Is The aggregate demand curve downward sloping for the same reason that the demand curve for a single good is downward sloping?
true because it is still supply and demand downward sloping
Why demand curve slopes downward?
Demand curve is slope downward because of inverse relationship between price and quantity.
What is the typical slope of a demand curve?
Downward
The law of demand is illustrated by a demand curve that is.......?
downward sloping
What is the demand curve faced by a pure monopolist?
The demand curve faced by a pure monopolist is of downward sloping in shape.
Is the demand curve always downward sloping?
Yes,it's always downward sloping
What does a demand curve show?
The upward movement of the demand curve indicates the rising demand of the product, whereas downward movement of the demand curve indicates falling demand.
What does a downward sloping demand curve signify in economics?
A downward sloping demand curve in economics signifies that as the price of a good or service decreases, the quantity demanded by consumers increases.
