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Commerce · Q28

Economics

Graduate and Post Graduate · Commerce · question 28

Q28

Normally a demand curve will have the shape

A.
Horizontal
B.
Vertical
C.
Downward sloping
Answer
D.
Upward sloping

Answer: Option C

Solution

Answer: Option C
Solution:
Normally a demand curve will have downward sloping shape. The demand curve is downward sloping, indicating the negative relationship between the price of a product and the quantity demanded.