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Question
Give reasons or explain the following statements (Any Four):
The demand curve is sloping down from left to right.
Solution
Yes, the demand curve slopes downward from left to right. Demand curve is the graphical representation of the relationship between the demand for a good and its price, for a given income, price of related goods, tastes and preferences. This curve slopes downwards from left to right because of the negative relationship between price of the commodity and its demand.
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