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

1954 Views

See similar Economics GCSE tutors

Related Economics GCSE answers

All answers ▸

Explain one externality that could come about as a result of a factory producing clothes.


Explain why house prices fell during the 2008 financial crisis.


Explain why income tax in the UK is an example of progressive taxation.


What is the main government objectives to maximize economic growth?


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:

© 2026 by IXL Learning