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

1636 Views

See similar Economics GCSE tutors

Related Economics GCSE answers

All answers ▸

Explain one benefit of the UK developing free-trade agreements with non-EU countries


What is inflation


Explain how a monopoly affects competition in a market


What is an inferior good?


We're here to help

contact us iconContact usWhatsapp logoMessage us on Whatsapptelephone icon+44 (0) 203 773 6020
Facebook logoInstagram logoLinkedIn logo

© MyTutorWeb Ltd 2013–2025

Terms & Conditions|Privacy Policy
Cookie Preferences