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. 

Answered by Nicholas C. Economics tutor

7890 Views

See similar Economics A Level tutors

Related Economics A Level answers

All answers ▸

Can you explain the multiplier effect?


Evaluate the likely economic effects of an increase in government expenditure on infrastructure


What are the trade-offs with other macroeconomic policy objectives of a fall in the unemployment rate?


What is the multiplier effect?


We're here to help

contact us iconContact usWhatsapp logoMessage us on Whatsapptelephone icon+44 (0) 203 773 6020
Facebook logoInstagram logoLinkedIn logo

© MyTutorWeb Ltd 2013–2025

Terms & Conditions|Privacy Policy
Cookie Preferences