WAECEconomicsTheory of Demand

Demand curve slopes:

AUp
BDownCORRECT
CFlat
DVertical
AI
Toaster Teacher
Why the answer is B, and why the others tempt you.
**The reasoning** The demand curve slopes **downward** because of the **Law of Demand**: as price decreases, quantity demanded increases, and vice versa. Think about it practically—when the price of garri or data bundles drops, you buy more, right? When it's expensive, you cut back. On a graph with price on the vertical axis and quantity on the horizontal axis, this inverse relationship creates a downward slope from left to right. Higher prices → fewer people can afford or want to buy. Lower prices → more people jump in to purchase. **Why the wrong options tempt you** - **Up (A)** confuses demand with supply (supply curves slope upward—sellers offer more at higher prices) - **Flat (C)** would mean price changes don't affect demand at all—unrealistic for normal goods - **Vertical (D)** would mean you'd buy the exact same amount regardless of price—only true for perfectly inelastic goods, not the general case **Quick takeaway** Remember: "When price goes DOWN, demand goes UP" — that's why the curve slopes down!
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