A Demand Analysis — Economics STD 12 Commerce / Arts — Question

No, I do not agree with this statement.
OR
Demand curve slopes downward from left to right.
Answer:
Yes, I agree with this statement.
Reasons justifying downwards sloping demand curve are as follows:

• The law ofDiminishing Marginal Utility: Marginal utility goes on diminishing when there is increase in the stock of commodity and consumer tends to buy more when price falls and vice-versa.
• Income Effects : Whenever there is a fall in price of a commodity, purchasing power of a consumer gets increased, which enables him to buy more of that commodity.
• Substitution Effect : When price of commodity rises consumer tends to buy more of cheaper substitute goods and less of the commodity whose price has increased.
• Multi-purpose Uses : When a commodity can be used for satisfying multiple needs, its demand will rise with a fall in its price and vice-versa.
• New Consumers : When there is fall in price of a commodity, a new consumer class buy the commodity as they can afford it.
  Thus total demand for commodity increases with fall in price.