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Question
‘Slope of demand curve is negative’. Comment.
Short Answer
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Solution
Under the Law of Demand, keeping other factors constant, price and quantity demanded are inversely related: a fall in price increases quantity demanded, while a rise reduces it. Therefore, with price on the vertical axis and quantity demanded on the horizontal axis, the demand curve slopes downward from left to right and has a negative slope. This describes the usual demand curve under the law’s assumptions.
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