A demand curve is always downward sloping.Discuss. More is always demanded at a lower price than at a higher price.

Expert Answers

An illustration of the letter 'A' in a speech bubbles

Although this is generally a true statement, it is not alway true.

In general, people do demand more of a product when it is at a low price and less of it when it is at a high price.

However, it is at least theoretically possible to have a product for which demand is perfectly inelastic.  For such a product, people will buy the same amount regardless of the price.  Here, the demand curve is vertical.

It is also possible for a product to have perfectly elastic demand where people will buy a given product, but only at one price.  Here, the demand curve is horizontal.

See eNotes Ad-Free

Start your 48-hour free trial to get access to more than 30,000 additional guides and more than 350,000 Homework Help questions answered by our experts.

Get 48 Hours Free Access
Approved by eNotes Editorial Team