The value of the slope of a normal demand curve is

positive

negative

zero

infinity

Answer is Right!

Answer is Wrong!

This question was previously asked in

UPSC CDS-2 – 2019

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The value of the slope of a normal demand curve is negative. This reflects the inverse relationship between price and quantity demanded, known as the law of demand. As the price of a good increases, the quantity demanded by consumers typically decreases, and vice versa, assuming all other factors remain constant (ceteris paribus). When plotted with price on the vertical axis and quantity on the horizontal axis, this relationship results in a curve that slopes downwards from left to right.

The negative slope of the demand curve illustrates the law of demand, showing that price and quantity demanded move in opposite directions.

Exceptions to the law of demand, such as Giffen goods or Veblen goods, exist but are rare. For a typical good, the demand curve has a negative slope. The steepness of the slope indicates the responsiveness of quantity demanded to price changes (elasticity).

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