Practicing Success

Target Exam

CUET

Subject

Economics

Chapter

Micro Economics: Theory of Consumer behaviour

Question:

What is the General shape of Demand curve ?

Options:

Upward sloping straight line

A line parallel to x-axis

Generally downward sloping to all normal goods

A line parallel to y-axis

Correct Answer:

Generally downward sloping to all normal goods

Explanation:

The correct answer is option (3) : Generally downward sloping to all normal goods

The law of demand states that there's an inverse relationship between the price of a good and the quantity demanded, all other factors remaining constant. This means as the price of a good increases, the quantity demanded decreases, and vice versa.This relationship is typically depicted by a downward sloping curve on a graph where the price is on the y-axis and the quantity demanded is on the x-axis.