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WAEC Economics 2003 Question 21

Question 21

Theory of Demand

A normal demand curve slopes

  1. A.downwards from left to right
  2. B.upwards from left to right
  3. C.downwards from right to left
  4. D.upwards from the origin.
Show the answer and explanation

Answer: A (downwards from left to right)

Explanation

Quantity demanded rises as price falls, so the demand curve slopes downward from left to right.