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How is the law of diminishing …

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How is the law of diminishing marginal utility responsible for tge downward slope of the demand curve ?

    • Posted by Kuldeep Singh 7 years, 10 months ago

    CBSE > Class 12 > Economics
    • 2 answers

    Kajal Singla 7 years, 10 months ago

    Because of psychological fundamental law.

    1Thank You

    Yashashshri Sharma 7 years, 10 months ago

    As we consume more and more quantity of a commodity with this every successive unit of marginal utility tends to decline

    1Thank You

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