Why does higher price lead to lower quantity demanded ........

Economics (CUET) Consumer Behaviour and Demand

Why does higher price lead to lower quantity demanded?

Consumers prefer high prices for quality.

Prices don't affect quantity purchased.

Decreasing prices lower demand.

Higher prices lead to lower quantity demanded.

As prices increase, the quantity consumers are willing to buy decreases, illustrating the law of demand.

This relationship demonstrates why the demand curve has a downward slope.

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