Why does the demand curve slope downwards?

It is assumed that if the price of a good falls, more people will be able to afford the good and therefore more people will want to buy the good when the price is lower. Therefore, as price falls the quantity demanded increases and therefore the demand curve slopes downwards

TC
Answered by Tom C. Economics tutor

1947 Views

See similar Economics GCSE tutors

Related Economics GCSE answers

All answers ▸

Discuss the effectiveness of a change in the exchange rate in order to correct a trade deficit.


Explain how a fall in interest rates can affect total spending in the economy.


Explain two disadvantages of specialisation.


What is the Philips Curve?


We're here to help

contact us iconContact ustelephone icon+44 (0) 203 773 6020
Facebook logoInstagram logoLinkedIn logo

MyTutor is part of the IXL family of brands:

© 2026 by IXL Learning