Namjoon04
Answered

Welcome to Westonci.ca, your ultimate destination for finding answers to a wide range of questions from experts. Join our Q&A platform to get precise answers from experts in diverse fields and enhance your understanding. Discover in-depth answers to your questions from a wide network of professionals on our user-friendly Q&A platform.

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

Sagot :

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.

Thank you for trusting us with your questions. We're here to help you find accurate answers quickly and efficiently. We appreciate your visit. Our platform is always here to offer accurate and reliable answers. Return anytime. Thank you for choosing Westonci.ca as your information source. We look forward to your next visit.