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Why does the demand curve slope downwards?
As Figure above demonstrates, demand curve slopes downward to the right. Downward slope of the demand curve reads the law of demand i.e. quantity of a commodity demanded per unit of time increases as its price falls and vice versa.
a) A change in demand means that: b) On the production-possibilities drawing, unemployment is represented by:
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Indian industry has progressed a lot because of globalization. A lot of development has been seen in Indian industry.
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