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Why does a production possibility curve have a downward sloping curve?

PPC curve slopes downward for the efficient resouress of another commidty


Why Demand Curve slopes downward from left to right?

why demand curve slopes downward from left to the right


Why demand curve slopes downward?

Demand curve is slope downward because of inverse relationship between price and quantity.


Slope of indifference curve?

indifference curves slopes downward to the right


As you move from left to right the aggregate demand curve?

slopes downward


Characteristics of production possibility curve?

It slopes downward towards right:this shows that we will have to reduce the production of one commodity to increase the production of the another commodity.


Why engel curve slopes negatively downward in case of giffen goods?

The Engel curve shows how household expenditure on goods changes with rising income. Giffen goods are inferior goods. As household income rises, instead of consuming more of the Giffen goods, expenditure is switched to better quality goods. Consequently, the demand for a Giffen good falls as income rises and this results in a downward sloping curve. Incidentally, a curve that slopes "negatively downward" is actually a curve that slopes positively upwards!


What does curves in different places places on a graph tell us?

Curves in different places on a graph can show us the relationship between two variables. For example, a curve that slopes upwards indicates a positive correlation between the variables, while a curve that slopes downwards indicates a negative correlation. The shape and direction of the curve provide insight into how the variables interact with each other.


Why does a demand curve slope downward from left to to right?

A demand curve slopes downward left to right because the relationship between price and demand is negative - as price drops demand rises. The opposite is true for a supply curve where as price rises supply rises - the relationship is positive so the supply curve slopes upward from left to right. Nova net answer- because demand decreases as price increases


Why does a demand curve slope downward left to right?

A demand curve slopes downward left to right because the relationship between price and demand is negative - as price drops demand rises. The opposite is true for a supply curve where as price rises supply rises - the relationship is positive so the supply curve slopes upward from left to right. Nova net answer- because demand decreases as price increases


What happens when quantity demanded exceeds quantity supplied?

Graphically, the Y axis is price and the X axis is quantity. The demand curve slopes downward, while the supply curve slopes upward. When quantity demanded exceeds quantity supplied the market is out of equilibrium. As a result, the price of goods increases, thereby decreasing the quantity demanded. This is characterized as a move up along the demand curve and not a shift. Changes in endogenous variables, ie price and quantity, are just movements along the curve.


What happens when quantity supply exceeds quantity demand?

Graphically, the Y axis is price and the X axis is quantity. The demand curve slopes downward, while the supply curve slopes upward. When quantity demanded exceeds quantity supplied the market is out of equilibrium. As a result, the price of goods increases, thereby decreasing the quantity demanded. This is characterized as a move up along the demand curve and not a shift. Changes in endogenous variables, ie price and quantity, are just movements along the curve.