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Question

For normal goods, the demand curve has a/an ______ slope.

This question was previously asked in
SSC CGL 2020 (Tier-2) Statistics Previous Year Paper 3 (28-Jan-2022)
The correct answer is

negative

The demand curve for normal goods slopes downward from left to right, indicating an inverse relationship between price and quantity demanded. This is known as a negative slope, which means as the price decreases, the quantity demanded increases and vice versa. Hence, the correct answer is negative.

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Similar Questions

  1. The supply curve of cars is expected to shift rightwards with:

    i. An increase in the price of cars

    ii. A decrease in fuel prices

  2. The supply curve of a normal good is ____________ sloping. It depicts ___________  on the x-axis and ___________ on the y-axis.

  3. The demand curve gives the quantity demanded by the consumer at each ____________.

  4. Which of the following statements is INCORRECT in the context of demand function?

  5. Marginal Product is defined as:

  6. The cross elasticity of demand means responsiveness of the quantity demanded of a good to a change in:

  7. In case of inferior goods, income elasticity of demand is _____________.

  8. A perfectly elastic supply curve means:

    i. A horizontal supply curve

    ii. Price Elasticity of Supply = Infinity

  9. The law of demand holds good when:

  10. Which of the following is/are constant along a demand curve?

    (1) Income of the consumers
    (2) Price of related goods


Important Questions from Demand analysis

  1. If the gross elasticity of demand is negative, the two products in consideration are __________ products.
  2. For a linear demand curve, which of the following is true ?
  3. In the above diagram, if curve IC represents income - consumption curve, then it means that :

  4. A consumer spends ₹ 240 when the price of the commodity is ₹ 15 and ₹ 300 when the price rises to ₹ 20. The elasticity of demand is :
  5. Which one of the following demands states consumers are adequately buying all the products put into the marketplace?

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