Answer to Question #286276 in Economics for helenabebe

Question

3. Why does a demand curve generally slope downward

Answer 1

When the quantity of goods is more, the marginal utility of the commodity is less. Thus, the consumer is not willing to pay more price for the commodity and its demand will decline. Also, when the price of the commodity is low, its demand increases. Hence, the demand curve slopes downwards from left to right.