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Standard XII
Economics
Question

When the law of demand operates the demand curve ____________.
  1. slopes downward from left to right
  2. slopes upward from left to right
  3. parallel to horizontal axis
  4. slopes upward from right to left

A
slopes upward from left to right
B
slopes downward from left to right
C
slopes upward from right to left
D
parallel to horizontal axis
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Solution
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The law of demand states that, all other factors being equal, as price of a good or service increases, quantity demanded will decrease and vice versa. So the curve will slope downward from left to right.

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