Why does the demand curve slope downwards?
A)It slopes downward due to the positive relationship between price and quantity demanded.
B)It slopes downward due to buyers perceiving fall in price as a fall in quality.
C)It slopes downward due to the law of demand.
D)It slopes downward due to stores lowering the prices on their products.

Question

Quizplus · Accepted Answer

The demand curve slopes downwards due to the law of demand, which states that as the price of a good or service increases, the quantity demanded decreases, and vice versa. This is because buyers are willing to purchase more at lower prices and less at higher prices.

Why Does the Demand Curve Slope Downwards