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Question : How does the demand curve look?

Option 1: Slopes upward from left to right

Option 2: Slopes downward from left to right

Option 3: Slopes downward from right to left

Option 4: None 


Team Careers360 6th Jan, 2024
Answer (1)
Team Careers360 9th Jan, 2024

Correct Answer: Slopes downward from left to right


Solution : Because price and quantity demanded are inversely related (i.e., the lower the price of a product, the higher the demand), the demand curve is defined as sloping downward from left to right.

Hence , the correct option is 2.

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