1.

DateExplain the reasonbehind the downwarddemandslope of thecurve​

Answer»

Explanation:

The law of demand is BASED on the law of Diminishing Marginal Utility. ACCORDING to this law, when a consumer buys more units of a COMMODITY, the marginal utility of that commodity continues to decline. ... Thus, DUE to the price effect when consumers consume more or LESS of the commodity, the demand curve slopes downward.



Discussion

No Comment Found