The market demand curve slopes downward because

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    The lower the price, the lower the quantity demanded of a good or service, as consumers perceived value falls..
     The higher the price, the higher the quantity demanded of a good or service, as consumers perceived value increases..
     The lower the price, the higher the quantity demanded, as consumers are willing and able to buy more of a good or service at lower prices.
     Both 1 and 2.
asked Jun 2, 2013 in Economics by anonymous
    

1 Answer

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The lower the price, the higher the quantity demanded, as consumers are willing and able to buy more of a good or service at lower prices.
answered Jun 3, 2013 by Xyz ~Expert~ (3,650 points)



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