As the benefit of consuming more of a good falls with each additional unit, the price consumers are willing and able to pay also

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andrezito [222]

1 year ago

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As the benefit of consuming more of a good falls with each additional unit, the price consumers are willing and able to pay also

falls with increased consumption. this scenario describes:_____.

Business

1 answer:

eduard · Answer 1 · 2023-09-26T13:21:52+03:00

As the benefit of consuming more of a good falls with each additional unit, the price consumers are willing and able to pay also falls with increased consumption. this scenario describes a downward-sloping demand curve

<h3>What is a Demand Curve?</h3>

This refers to the graph or pictorial representation that shows how the demand for a commodity or service varies with changes in its price.

Hence, we can see that As the benefit of consuming more of a good falls with each additional unit, the price consumers are willing and able to pay also falls with increased consumption. this scenario describes a downward-sloping demand curve