Standard economic demand curves are downward sloping As price(P)decreases,quantity (Q)demanded increases ▣Example: ■P=3,Q=4 lollipops ■P=$1,Q=8 lollipops P=50.50,Q=9 lollipops Bhattacharya,Hyde and Tu-HealthEconomics Bhattacharya, Hyde and Tu – Health Economics Standard economic demand curves are downward sloping  As price (P) decreases, quantity (Q) demanded increases  Example: ◼P=$3, Q=4 lollipops ◼P=$1, Q=8 lollipops ◼P=$0.50, Q=9 lollipops