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प्रश्न
Which of the following is the reason behind the downward slope of demand option?
विकल्प
Purchasing power falls
I am all in the price of a commodity
New consumers creating demand
Demand less unit of commodity
MCQ
उत्तर
I am all in the price of a commodity
Explanation:
While the price of a commodity lowers, new buyers enter the market and begin purchasing it. This is because they couldn't afford it when the price was high but can now afford it when the price reduces. As demand rises, the demand curve begins to slant downward.
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