ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -The demand curve will move downward from the left to the right, which expresses the law of demand-as the price of a given commodity increases, the quantity demanded decreases, all else being equal.

Detailed explanation-2: -The inverse relationship between price and quantity demanded is indicated by a downward sloping demand curve. When market prices are higher, customers reduce their demand for goods and buy less, resulting in a downward sloping demand curve.

Detailed explanation-3: -In most cases, the supply curve is drawn as a slope rising upward from left to right, since product price and quantity supplied are directly related (i.e., as the price of a commodity increases in the market, the amount supplied increases).

Detailed explanation-4: -The demand curve follows the negative association between the quantity demanded and the price, which makes it slope downward. The market demand curve is derived by horizontally adding the individual demand curves at each price.

Detailed explanation-5: -Why does a demand curve slope downward? The slope of a demand curve is downward because the demand for lower prices makes quantity demanded increase.