The typical slope of a demand curve
A)is positive.
B)is negative.
C)is zero.
D)is infinity.
E)depends on factors such as income and consumer expectations.

Question

Quizplus · Accepted Answer

The slope of a demand curve is negative, meaning as the quantity demanded increases, the price decreases. This is due to the law of demand, which states that as the price of a good or service decreases, the quantity demanded increases, while all other factors remain constant.

The Typical Slope of a Demand Curve