The slope and location of the demand curve depend on:

Name: The slope and location of the demand curve depend on:
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Question

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The slope of the demand curve depends on the number of buyers, as the quantity demanded is inversely related to the price. The more buyers there are, the lower the price needs to be to stimulate enough demand, resulting in a flatter slope. The location of the demand curve, however, is not affected by production costs or the number of producers.

The Slope and Location of the Demand Curve Depend On