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Rainbow [258]
3 years ago
6

How does the law of diminishing marginal utility relate to law of demand?

Business
1 answer:
HACTEHA [7]3 years ago
3 0

Answer:

Explanation:

The law of diminishing marginal utility helps to explain the negative slope of the demand curve and the law of demand.If the satisfaction obtained from a good declines, then buyers are willing to pay a lower price, hence demand price is inversely related to quantity demanded, which is the law of demand.

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Answer:

it is not allocatively efficient

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What does the size of the dividend per share of stock depend on?
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Answer:

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