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Relationship between the TR, MR and Demand Curves

What is the s...

Question

What is the slope of demand curve like?

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Solution

Demand curve slopes downward from left to right, indicating inverse relationship between price and quantity demanded of a commodity.

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Similar questions

What is the slope of the demand curve for Giffen goods?

Q. The slope of demand curve is ____ in case of inelastic demand.

Q.
Price elasticity of demand is identical with slope of demand curve.

Q.
When the slope of demand curve =

\infty

, price elasticity of demand =0.

Q.
When slope of demand curve

= 0

, price elasticity of demand =

\infty

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