Ask Question
28 February, 14:49

In the classic downward-sloping demand curve, as price increases, the demand for the product or service

+1
Answers (1)
  1. 28 February, 14:51
    0
    The demand for a product or service would likely decrease as price increases as far as the classic downward-sloping demand curve is concerned. In addition, this specific type of demand curve characterises increase of consumer demand as the price significantly falls.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “In the classic downward-sloping demand curve, as price increases, the demand for the product or service ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers