Why did demand curve slopes downward.............yaar …

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Why did demand curve slopes downward.............yaar koi iska law of diminishing marginal utility wala point bta do.

Posted by Rahul Jain 7 years, 10 months ago

CBSE > Class 12 > Economics

2 answers

Ankur V 7 years, 10 months ago

Demand curve slopes downwards because of inverse relationship between price of a commodity and quantity demanded But as you mentioned what is diminishing marginal utility? diminishing marginal utility states that as more and more are consumed marginal utility derived from each additional unit much decline Lets take an example you are a rational consumer for instance you purchased 10 pcs of commodity X for rs 200 , wouldn't you be bargaining it to purchase the same good for below 200 at next time when you visit the market? surely you will say i want to but the same good for rs 190 or less this is why demand curve slope downwards

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Ayesha Kumari 7 years, 10 months ago

The low of DMU states that the change in total utility. If the consumer consume more and more unit than we well get less and less satisfaction . It also state the decrease in marginal utility .if the consumer consume first unit than he will get les satisfaction. If continue the consumption than he will get less and less satisfaction.

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