A normal demand curve slopes

Assessment: WAEC SSCE - Economics - 2011 (Objective) Subject: Economics

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A normal demand curve slopes

Answer Details
A normal demand curve slopes downward from left to right. This means that as the price of a product or service decreases, the quantity demanded of that product or service increases, and vice versa. This is the typical relationship between price and demand in a competitive market, where consumers are willing to pay less for a product or service as the supply of that product or service increases.
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