Question

In economics, the slope of the demand curve is typically?

• A. Curved moving from left to right
• B. Straight parallel to X-axis from left to right
• C. Downward from left to right
• D. Upward from left to right

Answer 1

Answer:

C. Downward from left to right

The slope of the demand curve is generally downward from left to right,representing an inverse relationship between price and quantity demanded The demand curve generally slopes down from left to right due to the law of demand, while the quantity demanded drops as the price rises for the majority of goods. Changes in factors besides price and quantity can shift a demand curve to the right or left.