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CBSE Class 12-commerce Answered

What are the factors responsible for the downward sloping demand curve?
Asked by Topperlearning User | 25 Apr, 2016, 10:33: AM
answered-by-expert Expert Answer

The factors responsible for the downward sloping demand curve are

 

i. Law of diminishing marginal utility

ii. Substitution effect

iii. Income effect

iv. Size of consumer group

v. Alternative uses 

Answered by | 25 Apr, 2016, 12:33: PM
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