Why does the demand line slope downwards?

It slopes downwards because a lower price means more buyers will be willing and able to purchase the good (as it becomes more affordable to more people), so the quantity demanded increases. This is an inverse relationship - lower prices means higher demand so the line slopes downwards.

MA
Answered by Mirza A. Economics tutor

2119 Views

See similar Economics A Level tutors

Related Economics A Level answers

All answers ▸

Are there any minuses to economic growth?


Explain why, in theory, a perfectly contestable market results in an efficient allocation of resources


Explain the difference between short term growth and long term growth


Explain which barriers to entry an new airline might face when entering the international flight market


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