What happens to the individual demand curve as the price of an item increases?

Question

asked Apr 20, 2017 5.9k views

1 Answer

Murkbeard · Answer 1 · 2017-04-25T19:12:09+0000

the individual demand for an item will decrease, causing a downward slope

Since the price of an item increases, there will be less and less people who can afford and prefer to buy it, therefore, the consumers' demand for that item will decrease

What happens to the individual demand curve as the price of an item increases?

Please log in or register to add a comment.

Please log in or register to answer this question.

1 Answer

Please log in or register to add a comment.

No related questions found

Categories

Other Questions