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Negatively-sloped-Law of Demand

The Demand curves are negatively-sloped mainly as people: (1) Encounter advertising which molds the product images. (2) Have less purchasing power if prices fall for the things they sell. (3) Use goods which rise in price less, and expand the utilizations’ of goods for which the relative prices drop. (4) Experience greater net satisfaction if a good’s price increases. (5) Replacement away from goods that becomes cheaper or inferior.

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