The slope of a demand curve is almost always
A)positive, because when people buy more of a good the cost of producing it will rise.
B)positive, because the more money a person has, the more of a particular good will be bought.
C)negative, because when people buy more of a good the cost of producing it will fall.
D)negative, because with everything else equal, the same people will buy more of a good when its price is lower.
E)positive, because as the price rises, people want to sell more of the good.

Question

Quizplus · Accepted Answer

The slope of a demand curve is almost always negative because, with everything else equal, the same people will buy more of a good when its price is lower. This is because as the price falls, consumers are more willing and able to purchase the good, leading to an increase in quantity demanded. Conversely, as the price rises, consumers will be less willing and able to purchase the good, leading to a decrease in quantity demanded. Therefore, the slope of the demand curve is negative.

The Slope of a Demand Curve Is Almost Always