The demand curve has a _____ slope.
Friday, March 17, 2023
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Question: The demand curve has a _____ slope.
The demand curve has a negative slope. This means that as the price of a good or service increases, the quantity demanded decreases, and vice versa. The negative slope of the demand curve reflects the law of demand, which states that as the price of a good or service increases, its demand decreases because consumers are less willing to pay a higher price for it. Conversely, as the price of a good or service decreases, its demand increases because consumers are more willing to purchase it at a lower price.
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