Demand curve of a normal goods is

graphical presentation of law of demand
slopes downward
explain the relation between price and demand
All of the above

The correct answer is D. All of the above.

A demand curve is a graphical representation of the law of demand, which states that, all other things being equal, the quantity demanded of a good or service will decrease as the price of that good or service increases. The demand curve for a normal good slopes downward, which means that there is a negative relationship between price and demand. This is because consumers are generally willing to purchase more of a good or service when the price is lower.

In addition, the demand curve for a normal good explains the relation between price and demand. The demand curve shows how much of a good or service consumers are willing and able to purchase at different prices. The downward slope of the demand curve indicates that consumers are willing to purchase more of a good or service when the price is lower.

Exit mobile version