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How law of diminishing marginal utility …

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How law of diminishing marginal utility the reason behind Law of demand

    • Posted by Shah Azam 7 years, 11 months ago

    CBSE > Class 12 > Economics
    • 4 answers

    Vinay Bhadana 7 years, 11 months ago

    The answer of this question maybe the derivation of law of demand from utility approach

    1Thank You

    Karishma Kandoi 7 years, 11 months ago

    as law of diminishing mariginal utility states that as more and more units of a quantity are consumed mariginal utility from every unit goes on diminishing . hence for every additional unit consumer is ready to pay less and less amount of price

    1Thank You

    Mikun Mk 7 years, 11 months ago

    Anyways nice question.

    1Thank You

    Mikun Mk 7 years, 11 months ago

    The answer for this question may be the explanation of derivation of law of demand through different equilibrium conditions.

    1Thank You

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