lhorningj3 lhorningj3
  • 21-02-2020
  • Business
contestada

Why are supply and demand curves sloping in opposite directions?

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Аноним Аноним
  • 21-02-2020

The first law of demand states that as price increases, less quantity is demanded. This is why the demand curve slopes down to the right. Because price and quantity move in opposite directions on the demand curve, the price elasticity of demand is always negative.

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