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3 years ago

10

What characteristics lead to a downward sloping demand curve?

1 answer:

Makovka662 [10]3 years ago

7 0

In economics, the downward sloping demand curve is used to illustrate the law of diminishing marginal utility. This means that if more of the product is consumed, the marginal benefit to the consumer falls. This is also the instance in which the consumers are willing to pay less than the original amount for the same product.

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valentina_108 [34]

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<u>Solution:</u>

The angular velocity of point is given by formula:

$w = \frac{v}{r}$

Where,

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