Downward sloping

Definition

Downward sloping refers to a relationship where an increase in one variable leads to a decrease in another variable.

Related terms

Law of Demand: The principle stating that as price increases, quantity demanded decreases, ceteris paribus.

Price Elasticity of Demand: A measure of how responsive quantity demanded is to changes in price.

Income Effect: The change in quantity demanded resulting from a change in real income when price changes.