Question

Why does the demand curve slope downwards?

• A. The individual buys more of a commodity at higher prices
• B. The individual buys more of a commodity at lower prices
• C. The individual buys less of a commodity at lower prices
• D. None of the above

Answer 1

The correct option is B The individual buys more of a commodity at lower prices

Demand curve slope downwards as because the individual buys more of a commodity at lower price. Hence, because of the inverse relationship between price and quantity demanded, the demand curve slope downward. Demand graph indicates that the quantity demanded of a product gets increased when the price falls, other things remaining constant.The consumer demand as a function of price is q=d(p). It states that quantity demanded changes when the price of the product varies.