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How does human behavior explain why the demand line slopes downward?

Sagot :

The decreasing of the prices and increasing of buying are correlated with the human behavior.

What is a Demand Graph ?

Demand graph is the curve in the study of economics which tells us about the number of units purchased or the demand of the product with respect to the price.

The demand line slopes downward means the price is decreasing and more people are buying it.

The increase in the buying of the goods on decreasing prices is affected by human behavior as when the price decrease , the middle class people have a tendency to buy more quantity and

even there is need to satisfy unsatisfied wants , If a product was costlier before and the prices have decrease then to satisfy the wants , the people buy it ,

Hence decreasing of the prices and increasing of buying are correlated with the human behavior.

To know more about Demand Graph

https://brainly.com/question/21537661

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