Question : What will be shape of demand curve:
Option 1: Straight line
Option 2: Upward sloping
Option 3: Downward sloping
Option 4: None of the above.
Answer (1)
11th Jan, 2024
Correct Answer: Downward sloping
Solution :
The law of demand, which asserts that there is an inverse proportionate relationship between price and demand of a commodity, causes the demand curve to normally slope downward.
Hence option c is the correct answer.
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