0
The demand curve is negatively sloped to represent the declining marginal utility from consumption. At greater quantities of consumption each additional unit of a good consumed will yield relatively less utility, thereby reducing the marginal willingness to pay for that good.
Layne Kunze
Add your answer:
Earn +20 pts
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
How does a market demand curve differ from a demand curve How are they similar?
downward sloping
The law of demand is illustrated by a demand curve that is.......?
downward sloping
Is the demand curve always downward sloping?
Yes,it's always downward sloping
Is demand curve canbe upwardly sloping?
A demand curve can have an upwards slope. It solely depends on if the demand for an item is high or low.
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
How does a market demand curve differ from a demand curve How are they similar?
downward sloping
The law of demand is illustrated by a demand curve that is.......?
downward sloping
Is the demand curve always downward sloping?
Yes,it's always downward sloping
what is the indifference curve for two goods with imperfect substitutes?
the indifference curve has its usual negatively sloping shape
Is demand curve canbe upwardly sloping?
A demand curve can have an upwards slope. It solely depends on if the demand for an item is high or low.
What is the demand curve faced by a pure monopolist?
The demand curve faced by a pure monopolist is of downward sloping in shape.
What does the law of demand suggest that most demand curves will be?
The law of supply predicts the supply curve will be upward sloping.
What is the shape of the market demand curve?
Usually market demand curves are downward sloping.
What is the shape of a market demand curve?
Usually market demand curves are downward sloping.
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 happen to price when supply is constant and demand increaes?
prices will fall if demand decreases and the supply is constant. the supply curve will be vertical and demand curve will be downward sloping.
