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The demand curve is downward-sloping because at a higher price for a good (ceteris paribus)
people buy fewer substitutes.
people buy more complements.
people search for substitutes.
income rises.
Demand curve is downward sloping because there is an inverse relationship between price and quantity demanded. It means that when price of the good rises, demand for the good reduces and when price of the good reduces demand, for the good increases.
By: honey kaundal ProfileResourcesReport error
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