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

8672 Views

See similar Economics A Level tutors

Related Economics A Level answers

All answers ▸

In the early 2010s the mobile phone company Orange merged with another mobile Network firm, T Mobile, in order to a form a new company called EE. Explain what type of merger this is and discuss some of the possible costs and benefits of this merger.


What is the purpose of trying to achieve economic efficiency?


Discuss the view that falling unemployment will inevitably lead to trade-offs with other macroeconomic policy objectives


Explain how a firm's costs of production are affected by the law of diminishing marginal returns in the short run (10)


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