Get premium membership and access revision papers with marking schemes, video lessons and live classes.

Processing. Please wait.

The reasons why demand curve slopes downwards from left to right

Answer Text:
The reasons why demand curve slopes downwards from left to right:
-When price of a commodity falls, consumers can afford more of the goods.
-When the price rises, less is bought and vice versa
-The more a good is consumed, the less utility is derived from additional units consumed.
-When the price of a good falls, the good may be put to more uses.