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Demand curve slopes upward from left to right. (State whether the statement is TRUE or FALSE) |
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Answer» ANSWER : The Given statement is "False". The DEMAND CURVE never slopes upward from left to right. It always slopes downward from left to right as shown in the ATTACHMENT. DEMAND - Demand is the quantity of certain goods which are desired by the consumers from the market. THE LAW OF DEMAND - This is a inverse relationship between the prices of goods and it's demand . If the price of the goods rise then their demand will fall . In other words , The higher the price , The lower the quantity demanded . Demand curve is downward from left to right . |
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