A typical demand curve slopes downward, which reflects that lower and lower prices attract larger and larger amounts purchased.

Name: A typical demand curve slopes downward, which reflects that lower and lower prices attract larger and larger amounts purchased.
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Quizplus · Accepted Answer

This is because the law of demand states that as price decreases, quantity demanded increases, and vice versa. Therefore, as the price decreases along the demand curve, the quantity demanded increases, resulting in a downward sloping curve.

A Typical Demand Curve Slopes Downward, Which Reflects That Lower