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प्रश्न
The demand curve is generally ______.
विकल्प
Downward sloping
Upward sloping
Horizontal parallel to the X-axis
Vertical parallel to the Y-axis
उत्तर
The demand curve is generally downward sloping.
Explanation:
The demand curve is generally downward-sloping. This reflects the law of demand, which states that, all else being equal, as the price of a good decreases, the quantity demanded increases, and vice versa. This negative relationship between price and quantity demanded results in a downward-sloping demand curve.
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संबंधित प्रश्न
A fall in income of the consumer (in the case of normal goods) will cause a/an ______.
Demand curve of a good shifts from DD' to Demand dd'. This shift can be caused by:
Using hypothetical data show a market demand schedule.
State the impact of the following changes on the demand curve of a commodity:
increase in individual income
Shyam, Sita, Renu, Ahmed and John are five consumers of apples. Their demand for apples is given below. Derive the market demand schedule for apples.
| Price per Kg (in ₹) | Quantity Demanded (Apples) in Kg. | ||||
| Shyam | Sita | Renu | Ahmed | John | |
| 25.00 | 16 | 15 | 12 | 14 | 18 |
| 30.00 | 12 | 11 | 10 | 8 | 15 |
| 35.00 | 10 | 9 | 8 | 6 | 12 |
| 40.00 | 8 | 6 | 4 | 2 | 8 |
With the help of a hypothetical table, draw the demand curve of a commodity.
Briefly explain any three determinants for the negative slope of the demand curve.
Define individual demand.
Define market demand.
Define a market demand schedule.
