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From course:

Economics A Level (DONEEEEEEE)

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Question:

Why are Demand Curves sloping Downwards?

Author: eric_galvao



Answer:

-Consumers want to Pay the Lowest Price Available [Maximising Behaviour] and so as the Price Falls, more Consumers are Able to Buy More. Opposite happens when Price Rises -So Therefore when Price is Low, the Quantity Demanded is usually High


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