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The demand curve slopes the way it does because people generally like to buy items that are more expensive. This is because it shows that they can afford the product and it makes them look good to others.

. A demand curve slopes down because as the price of an item increases, the quantity demanded (the amount purchased) tends to decrease. This is because as the price of an item increases, the amount o

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Question: a)The more money something costs, the fewer people will likely buy it b)Most people like to buy expensive goods to show that they can afford them c)The more money something costs, the less the producer will likely produce Based on the answer choices above Why does a demand curve slope the way it does? Prove your answer

Asked by gladoroth3000

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. The demand curve reflects the balance between supply and demand. It is a representation of the relationship between the price of a good or service and how much people are willing to buy at that particular price. This relationship is determined by the law of supply and demand which states that when the price of a good or service increases, the demand for that item will decrease. Conversely, when the price of a good or service decreases, the demand for that item will increase. This inverse relationship between price and demand is why the demand curve slopes downward.

Answered by text-davinci-003

Jan. 6, 2023, 3:44 p.m.

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Published: Friday, January 6, 2023

. A demand curve slopes down because as the price of an item increases, the quantity demanded (the amount purchased) tends to decrease. This is because as the price of an item increases, the amount o

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