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 Form 3 Business Studies: Demand and supply online lessons

The reasons why demand curve slopes downwards from left to right

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Answer Text:
The reasons why demand curve slopes downwards from left to right:
-When price of a commodity falls, consumers can afford more of the goods.
-When the price rises, less is bought and vice versa
-The more a good is consumed, the less utility is derived from additional units consumed.
-When the price of a good falls, the good may be put to more uses.


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