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Question : In general, the demand curve slopes:
 

Option 1: Parallel to Y-axis

Option 2: Upward from left to right
 

Option 3: Parallel to X-axis

Option 4: Downward from left to right


Team Careers360 22nd Jan, 2024
Answer (1)
Team Careers360 24th Jan, 2024

Correct Answer: Downward from left to right


Solution : Since price and quantity demand have an inverse relationship, the demand curve often slopes downward. According to the demand curve, when prices increase, demand decreases, and when prices decrease, demand increases.
Hence option d is the correct answer.

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