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

-3/4f = 5/4 what does f =​
HELP PLZ . Will mark brainliest!!! Point A is the incenter of triangle DEF. Which must be true? Select three options Point A is the center of the circle that p
Find the value of expression a^5−a^2+a^3 for a=−2.
________ tiene la pizza. La mesera El maestro El cocinero La camarera
Why was the Mercantilism important?
You toss a dice 30 times and recorded the results in the table below. # on dice Results 1 3 2 8 3 7 4 5 5 3 6 4 1.) What is the theoretical probability that an
5. Susie was kicking the soccer ball when her teammate knocked her down, present/present participle/past/past participle
2log(base 5)^(x-3)-log(base 5)^8= log(base 5)^2
Van diagram Leopard seal vs Shark
measure the angle of 10x+10