Why Demand Curve Slopes Downward? | Micro Economics | Ecoholics скачать в хорошем качестве

Why Demand Curve Slopes Downward? | Micro Economics | Ecoholics

This is the precise relationship between demand and price. Generally, the demand curve slopes downward (i.e.its slope is negative) because the number of unit demands increases with a fall in price and vice versa. Higher price results in lower demand whereas low price results in higher demand. In this captivating video, we delve deep into the world of economics to unravel the enigmatic phenomenon of the downward-sloping demand curve. 📈 Have you ever wondered why as prices rise, people tend to buy less? 🤔 Join us as we demystify this fundamental concept and shed light on the intricate interplay of consumer behavior, preferences, and market dynamics. 🔍 Our expert economist takes you on a journey through the intricate web of supply and demand, showcasing real-world examples and easy-to-understand graphics. Whether you're a student, professional, or simply curious about how markets work, this video is your gateway to understanding the forces that drive prices and quantities in the marketplace. Key Discussion Points: The Law of Demand and its implications Substitution and income effects on consumer choices Factors influencing shifts along the demand curve The role of elasticity in measuring consumer responsiveness Real-life applications and case studies Ecoholics is the largest platform for economics. Download our app: http://ecoholics.in/mobile-app/ Visit our website for further information and resources: http://ecoholics.in/ To Subscribe for Courses - https://subscription.ecoholics.in/ Reach out to us on Whatsapp for further information: https://wa.me/917880107880 If you’re preparing for competitive exams like UPSC IES, RBI DPER or UGC NET then Ecoholics is the one-stop destination for all your learning needs. Study economics the smart way and get an in-depth understanding of this dynamic subject with our holistic approach. Our team of expert faculties help you polish your knowledge and provides you with one-on-one mentorship and doubt-clearing sessions, so you leave no stone unturned when it comes to your preparation. By signing up with us, you can access our live classes, video lectures, test series and get the hard copy of study material delivered to your doorstep, so your preparation never hits a bump! Follow our social media handles to stay updated on all things economics. Follow Ecoholics on Twitter-   / ecoholics_in   Follow Ecoholics Facebook Group -   / 41907.  . Follow Ecoholics Facebook Page -   / ecoholics8   Follow Ecoholics on Instagram:   / ecoholics.in   Follow Ecoholics on Telegram: https://t.me/ecoholicsbysanat Become a Member of Largest Community of Economics: https://ecoholics.in/become-a-member/ #economicsexplained #demandcurvedemystified #marketforces101 #understandingsupplyanddemandv #ecoholics #economics #economic #economists #upsc #rbi #indianeconomicsservice #ias #iitjam #gateeconomics #ugcnet #ugc #jrf #economy #unionpublicservicecomission #ignou #dse #jnu #maentrance #pgentrance