2 years ago

What is the effect of diminishing marginal utility on quantity demanded?

Social Studies

1 answer:

Pepsi [2]2 years ago

7 0

Answer:

it's Good

Explanation:

Because marginal utility diminishes as the quantity of a good is consumed increases (the law of diminishing marginal utility), buyers are willing and able to pay lower prices for larger quantities (the law of demand). Hence, the law of demand exists because the less satisfaction is received for larger quantities.

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