jparker3549 jparker3549

06-06-2023
Business

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How can diminishing marginal utility help explain why the demand curve is downward-sloping?
Imagine if there was a severe shortage of toilet paper due to the shelter in place, and you are out of toilet paper, how would you value a bag of 12 toilet paper compared to a diamond? Would it be different compared to during normal circumstances? Explain your answer.

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