The Demand Curve

Why does the demand curve slope downward? The demand curve demonstrates how much of a good people are willing to buy at different prices. In this video, we shed light on why people go crazy on Black Friday and, using the demand curve for oil, show how people respond to changes in price. Microeconomics Course: http://mruniversity.com/courses/principles-economics-microeconomics Ask a question about the video: http://mruniversity.com/courses/principles-economics-microeconomics/demand-curve-shifts-definition#QandA Next video: http://mruniversity.com/courses/principles-economics-microeconomics/supply-curve-definition-example