The negative slope of the demand curve indicates that there is relationship between the price and the quantity demanded.

Question

Quizplus · Accepted Answer

The negative slope of the demand curve indicates an inverse relationship between the price and the quantity demanded. This means that as the price of a good or service increases, the quantity demanded of that good or service will decrease. Alternatively, as the price of a good or service decreases, the quantity demanded of that good or service will increase.

The Negative Slope of the Demand Curve Indicates That There