answersLogoWhite

0


Best Answer

downward sloping

User Avatar

Wiki User

โˆ™ 2013-03-13 02:07:14
This answer is:
User Avatar
Study guides

Economics

19 cards

How long does it take for a check to clear

Are chemicals safe

How could the federal reserve encourage banks to lend out more of their reserves

What is M2 today

โžก๏ธ
See all cards
4.19
โ˜†โ˜…โ˜†โ˜…โ˜†โ˜…โ˜†โ˜…โ˜†โ˜…
129 Reviews
More answers
User Avatar

Peter Mathew

Lvl 2
โˆ™ 2021-07-24 13:36:42

b

This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: The law of demand is illustrated by a demand curve that is.......?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

How contraction in demand and decrease in demand is differentiated?

A contraction in demand is caused by an increase in Price and illustrated by a movement up the demand curve. A decrease in demand is caused by any non-price factor (e.g. advertising, tastes and preferences and price of substitute goods) and is illustrated by an inward shift in the demand curve.


What is the difference between fall in demand and contraction in demand?

A contraction in demand is caused by an increase in Price and illustrated by a movement up the demand curve. A decrease in demand is caused by any non-price factor (e.g. advertising, tastes and preferences and price of substitute goods) and is illustrated by an inward shift in the demand curve.


The law of demand implies that the demand curve is?

downward-sloping


How is the law of demand related to the demand curve?

Law of demand is the reason of the downward sloping of demand curve.Law of demand states the inverse relationship of demand of a commodity and it's price,and demand curve represents this inverse relationship of demand and price.So in this way they both are related.


How is law of demand related to the demand curve?

Law of demand is the reason of the downward sloping of demand curve.Law of demand states the inverse relationship of demand of a commodity and it's price,and demand curve represents this inverse relationship of demand and price.So in this way they both are related.


What is behind the demand curve?

Law of demand is behind the downward sloping of demand curve,i.e. inverse relationship between price and quantity demanded.


What happens to the demand curve and demand of an item when it is free?

You simply move upward on the demand curve to where price is 0.Since this is the Law of Demand, there are no exceptions, even when an item is free.


Why demand curve slopes downward?

Demand curve is slope downward because of inverse relationship between price and quantity.


What is the intersection of the supply and demand curve is called?

law of supply


Why does a demand curve slope downwards?

We have seen already that demand curves (price Demand) slope downwards from left to right. Since demand curve is only a geometrical representation of the law of demand with 'quantity' on the X axis, and 'price' on the Y axis, the shape of the demand curve has to be necessarily of one sloping downwards showing that more is demanded at a lower price. The question why does the demand curve slope downwards is an indirect way of asking why does the law of demand operate. What are the reasons behind the operation of law of demand? why do people demand more if price comes down? So it is better to discuss the reasons behind the law of demand or the economics of law of demand in order to understand the question under discussion.


Because of the law of demand the demand curve always slopes?

given that the demand curve is for a normal good then this is the case as prices increase people will be willing to consume less of the good. If the good is a giffen good then this will not be the case an in fact the demand curve may either remain straight or will curve upwards as prices increase.


Why does the demand curve slope down and to the right?

by law of diminishing marginal utility

People also asked