ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -When the price of commodity increases, its demand decreases. Similarly, when the price of a commodity decreases its demand increases. The law of demand assumes that the other factors affecting the demand of a commodity remain the same. Thus, the demand curve is downward sloping from left to right.

Detailed explanation-2: -Demand curve slope downwards as because the individual buys more of a commodity at lower price. Hence, because of the inverse relationship between price and quantity demanded, the demand curve slope downward.

Detailed explanation-3: -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-4: -The law of demand states that there is an inverse proportional relationship between price and demand of a commodity. When the price of commodity increases, its demand decreases and vice versa. Thus, the demand curve is downward sloping from left to right.

Detailed explanation-5: -As described above, the general form of a demand curve is that it is downward sloping. The demand curve for most, if not all, goods conforms to this principle. There may be rare examples of goods that have upward sloping demand curves. A good whose demand curve has an upward slope is known as a Giffen good.