The demand curve slopes downward to the right because buyers are willing and able to purchase less at higher prices.

Name: The demand curve slopes downward to the right because buyers are willing and able to purchase less at higher prices.
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Question

Quizplus · Accepted Answer

The demand curve slopes downward to the right because it reflects the law of demand, which states that, ceteris paribus, as the price of a good or service increases, the quantity demanded decreases, and as the price decreases, the quantity demanded increases.

The Demand Curve Slopes Downward to the Right Because Buyers