Can any one tell what are the reasons that demand curve slopes downward

lavankumar · 11 Jul 2024

I agree to you shoba but income is being constant right

Shobha · 11 Jul 2024

Demand curve slopes downward because 1) The law of diminishing the marginal utility 2) Substitution effect 3) Income effect 4) New buyers 5) Old buyers

Pranith · 11 Jul 2024

Demand curve slopes downward due to the negative relationship between price and quantity demanded i.e if the price rises the qd falls and vice versa which results in a downward sloping demand curve