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.
help me with the answer
why demand curve slopes downward from left to the right
true because it is still supply and demand downward sloping
downward sloping
Demand curve is slope downward because of inverse relationship between price and quantity.
help me with the answer
why demand curve slopes downward from left to the right
true because it is still supply and demand downward sloping
downward sloping
Demand curve is slope downward because of inverse relationship between price and quantity.
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.
Downward
downward sloping
The demand curve faced by a pure monopolist is of downward sloping in shape.
Yes,it's always downward sloping
The upward movement of the demand curve indicates the rising demand of the product, whereas downward movement of the demand curve indicates falling demand.
Usually market demand curves are downward sloping.