A demand curve can have an upwards slope. It solely depends on if the demand for an item is high or low.
true because it is still supply and demand downward sloping
downward sloping
downward sloping
Yes,it's always downward sloping
The demand curve faced by a pure monopolist is of downward sloping in shape.
true because it is still supply and demand downward sloping
downward sloping
downward sloping
Yes,it's always downward sloping
The demand curve faced by a pure monopolist is of downward sloping in shape.
A downward sloping demand curve in economics signifies that as the price of a good or service decreases, the quantity demanded by consumers increases.
The law of supply predicts the supply curve will be upward sloping.
Usually market demand curves are downward sloping.
Usually market demand curves are downward sloping.
Law of demand is behind the downward sloping of demand curve,i.e. inverse relationship between price and quantity demanded.
The demand curve is downward sloping because as the price of a good or service decreases, consumers are willing and able to buy more of it. This relationship between price and quantity demanded is known as the law of demand.
The demand curve for labor is downward sloping because as the wage rate decreases, employers are willing to hire more workers to save on costs and increase production.