Asked by Daisy Farhm on Jun 05, 2024
Verified
The demand curve slopes
A) upward to the right.
B) upward to the left.
C) downward to the right.
D) downward to the left.
Demand Curve
A visual chart that illustrates how the demand quantity of a product or service correlates with its price over a specific time frame.
- Illustrate the connection between the cost of products and consumer demand according to the Law of Demand.
Verified Answer
HP
Hareesh PadmanabhaJun 05, 2024
Final Answer :
C
Explanation :
The demand curve typically slopes downward to the right, indicating that as the price decreases, the quantity demanded increases.
Learning Objectives
- Illustrate the connection between the cost of products and consumer demand according to the Law of Demand.