1.

Negatively stoped demand curve is in which market?

Answer»

Answer:

The demand curve is downward SLOPING, indicating the NEGATIVE relationship between the PRICE of a product and the quantity demanded.

For normal goods, a change in price will be reflected as a move along the demand curve while a non-price change will result in a SHIFT of the demand curve.

Two exceptions to the law of demand are Giffen goods and Veblen goods.

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