Why does the demand curve slope downwards?

It is assumed that if the price of a good falls, more people will be able to afford the good and therefore more people will want to buy the good when the price is lower. Therefore, as price falls the quantity demanded increases and therefore the demand curve slopes downwards

TC
Answered by Tom C. Economics tutor

1883 Views

See similar Economics GCSE tutors

Related Economics GCSE answers

All answers ▸

Why might the Bank of England raise the bank rate if inflation rises above 2%?


What is the law of demand?


Evaluate the use monetary policy to aid the economy's recovery just after a recession.


What is the different between an increase in demand and an extension in demand?


We're here to help

contact us iconContact ustelephone icon+44 (0) 203 773 6020
Facebook logoInstagram logoLinkedIn logo

MyTutor is part of the IXL family of brands:

© 2025 by IXL Learning