Why does the demand curve face downwards?

The demand curve is downward facing because in order for quantity to rise, firms need to lower prices.

VL

Related Economics A Level answers

All answers ▸

How would you go about calculating inflation using CPI (consumer price index)


Evaluate the likely economic effects of an increase in government expenditure on infrastructure


Explain what is meant by allocative efficiency and Pareto optimality. Consider whether they are linked .


What is meant by an oligopoly being both interdependent and uncertain in their price strategies?