Question
In case of normal goods, the shape of the demand curve
is _______Solution
The demand curve generally slopes downward from left to right, indicating an inverse relationship between price and quantity demanded. As the price decreases, consumers buy more, and when price increases, demand falls, reflecting the Law of Demand. Horizontal or vertical curves are rare and apply to special market conditions, while upward-sloping demand is seen only in exceptional cases like Giffen goods or Veblen goods.
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