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What will increase in the price result in if the demand curve for good X is downward-sloping?

What will increase in the price result in if the demand curve for good X is downward-sloping?

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Asked by Mary, Last updated: Nov 09, 2024

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4 Answers

rosariocmanahan

rosariocmanahan

rosariocmanahan
Rosariocmanahan

Answered Apr 30, 2017

When the price changes, the opposite effect is that the quantity of good x demand will decrease
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John Smith

John Smith

John Smith
John Smith

Answered Sep 11, 2016

A smaller quantity demanded for good X.
When price changes there is a opposite change in the quantity demanded as measured on the horizontal axis.
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Economist

Economist

Economist
Economist

Answered Mar 09, 2021

As we know that, the law of demand states the -ve relationship between the price and quantity of demand and, I can't say when the price of goods is decreased, so the smaller quantities of demand will be changes. The demand curve can be in smooth curve/curvature (I mean downward straight line/download curve shape from the origin) that's curve demand show when we decrease in large price but small changes in quantity demand.

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John Adney

John Adney

John Adney
A smaller quantity demanded for good x
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