Respuesta :
The first law of demand states that as price increases, less quantity is demanded. This is why the demand curve slopes down to the right. Because price and quantity move in opposite directions on the demand curve, the price elasticity of demand is always negative.
Although the customer is interested in paying the lowest possible price for the commodity, the supplier would be preoccupied with marketing their products somewhere at the highest conceivable rate.
- Manufacturers or vendors aim to maximize their earnings, while purchasers would like to decrease their spending.
- Because of their opposing goals, the supply and demand curves descend towards the opposite ways.
Thus throughout the above paragraphs, the presented or explained response is correct.
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