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Which of the following describes a demand curve? it is a horizontal line it slopes downward from left to right it slopes downward from right to left it is bow-shaped

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Carmen élite · Tutor durante 8 años
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The correct answer is: it slopes downward from left to right.A demand curve is a graphical representation of the relationship between the price of a good or service and the quantity demanded by consumers. It typically slopes downward from left to right, indicating that as the price decreases, the quantity demanded increases. This is known as the law of demand, which states that there is an inverse relationship between price and quantity demanded.