Question

What happens to the price and the number of goods and services sold when a store runs a sale? How do these factors relate to the downward -sloping curve?

Answer 1

Price decreases and demand increases

Step-by-step explanation:

After achieving a required profit, stores usually start to sell their products on sale. A sale is an opportunity for the buyers to buy goods and services at low prices. Price and demand have an inverse relationship, that is why, on sale, the price decreases and moves the point down, whereas, the increase in the demand moves the point up.