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Which of the following is the reason behind the downward slope of demand option?
Purchasing power falls
I all in the price of commodity
New consumers creating demand
Demand less unit of commodity
Option (2) is correct. Explanation: When the price of a commodity decreases new buyers enter the market and start purchasing it this is because they were unable to purchase it when the prices were high but now they can afford it thus, as price falls. The demand rises and the demand curve becomes downward sloping.
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