Namjoon04
Namjoon04 Namjoon04
  • 06-06-2022
  • Social Studies
contestada

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

Respuesta :

matsunadafrance matsunadafrance
  • 06-06-2022

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.

Answer Link

Otras preguntas

which present-day US state were the Native Americans relocated to?
use subtraction 14 x 25 x 4
Ichiko has guitar practice at 5:00 P.M. on Wednesday. It takes 20 minutes for him to get to his lesson from school. He spends an hour in the science lab before
Find the probability that event A will appear at least three times in four independent tests if the probability of occurrence of event A in one test equal to 0.
The Portuguese and the Spanish adopted the use of the caravel s ship introduced to them by the A.muslims B Chinese C Vikings D Indians
Suppose you increase your walking speed from 6 m/s to 11 m/s in a period of 2 s. What is your acceleration?
How do climate, customs, and standard living influence consumer choices
Which equation shows y=−12x+4 is in standard form? x+2y=−8 x + 2y = 8 2x + y = 8 2x−y=8
how to solve - 10+5x=7x-4
What is molecule x