Why does the demand curve slope downwards?

There is an inverse relationship between price and quantity demanded. When the price is low, high quantities are demanded and vice versa when the price is high; for all goods which are not giffen goods. However this is opposite to the supply curve, as price and quantity supplied increased proportionately. 

NC
Answered by Nicholas C. Economics tutor

8777 Views

See similar Economics A Level tutors

Related Economics A Level answers

All answers ▸

How do you find the profit level of a firm graphically? Why is this the case?


Using the extract explain the effect of the corona virus on the UK economy in 2020 (10 marks)


To what extent is the national minimum wage beneficial to society?


State and explain two ways in which domestic fuel consumption gives rise to negative externalities.


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