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Write Whether the Following Statement is True Or False: Demand Curve Has a Positive Slope. - Economics

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Question

Write whether the following statement is True or False:

Demand curve has a positive slope.

Solution

 False, a demand curve does not have a positive slope.
Explanation:
The demand curve has a negative slope as it is a downward sloping curve from left to right. The various reasons for a negative slope includes diminishing marginal utility, several uses of a good, substitution effect and income effect.

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APPEARS IN

 2012-2013 (March) (with solutions)
Question 1.2.2 | 1.00 mark

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Solution Write Whether the Following Statement is True Or False: Demand Curve Has a Positive Slope. Concept: Demand.
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