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What are the factors responsible for the downward sloping demand curve?

Asked by Topperlearning User 25th April 2016, 10:33 AM
Answered by 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 Expert 25th April 2016, 12:33 PM
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