The demand also curve is the graphical representation of the partnership in between the demand for an excellent and also its price, for a provided income, price of connected products, tastes, and choices. This curve slopes downwards from left to ideal bereason of the negative relationship in between the price of the commodity and also its demand also.

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The complying with are the primary reasons regarding why the demand also curve is downward sloping:

Law of diminishing marginal utility- Due to this law, the consumer tends to buy more quantity of a great when the price falls.Income effect- With a autumn in price, the purchasing power of a perchild rises. As a result, he needs even more of a great.Substitution effect- With a climb in price, the substitutes of goods end up being cheaper in comparison. As an outcome, the person requirements much less of that great and even more substitute items.Multifunction uses- The demand also for goods having multipurpose provides increase via a fall in price and also vice-versa.


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Concept: Demand Curve and also Its Slope
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Chapter 3.1: Demand Analysis - Exercise
Q 4. (1)Q 3. (3)Q 4. (2)
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Balbharati Economics 12th Standard HSC Maharashtra State Board
Chapter 3.1 Demand also AnalysisExercise | Q 4. (1) | Page 25
2010-2011 (March) (with solutions)
Q 5.3 | 8 marks
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