Question

The demand curve is generally ______.

Options

• Downward sloping

• Upward sloping

• Horizontal parallel to the X-axis

• Vertical parallel to the Y-axis

Answer 1

The demand curve is generally downward sloping.

Explanation:

The demand curve is generally downward-sloping. This reflects the law of demand, which states that, all else being equal, as the price of a good decreases, the quantity demanded increases, and vice versa. This negative relationship between price and quantity demanded results in a downward-sloping demand curve.