Which of the following shows why individual demand curve for a good usually slopes downward from left to right?
-
More of commodities are offered for sale at a lower than higher prices
- Marginal utility falls as consumption increases
- The higher the price, the higher the quantity offered for sale
- Prices are usually falling when demand is low
The correct answer is: A
Explanation
A normal demand curve slopes downward from left to right indicating at higher price, less quantity will be demanded and vice versa.