Is an implication of demand curves sloping downward?

Answer 1

Yes, one implication of demand curves sloping downward is the law of demand, which states that as the price of a good decreases, the quantity demanded increases, and vice versa. This relationship reflects consumer behavior: lower prices make goods more accessible, leading to higher consumption. Additionally, a downward-sloping demand curve suggests that consumers have diminishing marginal utility, meaning that as they consume more of a good, the additional satisfaction they gain from each additional unit decreases.