Why does the demand curve slope downwards?

There is an inverse relationship between price and quantity demanded. When the price is low, high quantities are demanded and vice versa when the price is high; for all goods which are not giffen goods. However this is opposite to the supply curve, as price and quantity supplied increased proportionately. 

Answered by Nicholas C. Economics tutor

6883 Views

See similar Economics A Level tutors

Related Economics A Level answers

All answers ▸

Evaluate policies the government can use to increase the rate of economic growth.


What is a possible result of a reduction in the budget deficit on the circular flow of income?


To what extent is a market contestable?


Describe and explain the factors that determine supply and demand, and use diagrams to support your answer.


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 2013–2024

Terms & Conditions|Privacy Policy