Maharashtra State BoardHSC Commerce 12th Board Exam
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State with Reason Whether You 'Agree' Or 'Disagree' with the Following Statement. - Economics

MCQ
True or False

State with reason whether you 'agree' or 'disagree' with the following statement.

Demand curve slopes downward from left to right.

Options

  • Agree

  • Disagree

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Solution

I do agree with the given statement.

This is because of the following reasons.

1. Meaning
Demand curve is the graphical representation of a given demand schedule. It shows variations in the quantity demanded in response to change in price. 

2. Price Relationship 
There exist an inverse relationship between the quantity demanded and the price of a given commodity.

3. Slope of the curve 
The demand curve slopes downwards from the left to right. It has negative slope.

4. Behaviour Relationship 
The demand curve indicates buyers’ behaviour in response to change in price.

Concept: Demand Curve and Its Slope
  Is there an error in this question or solution?
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