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Mashcka [7]
3 years ago
15

How dose diminishing marginal utility affect demand

Social Studies
1 answer:
Scorpion4ik [409]3 years ago
7 0
The law of diminishing marginal utility<span> states that </span>marginal utility<span> declines as consumption increases. Because </span>demand<span> price depends on the </span>marginal utility <span>obtained from a good, price also declines as consumption increases, meaning price and quantity demanded are inversely related, which is the law of </span>demand<span>.</span>
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