What is marginal utility Curve shape ?
A)Downward sloping left to right b)Initally upward , eventually start decline c)U shaped d) None of these
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Chandranshu
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. Downward slopping from left to right.br /The laws of demand and diminishing marginal utility combine to produce demand curves that predictably flow downward from left to right. The actual market price for a good may change, and that will trigger a change in the number of units sold, but the relationship between demand and price will remain constant—prices and demand will shift in sync with one another along the demand curve.br /strongThe law of diminishing marginal utility explains the downward sloping demand curve/strongbr /br /strongDefinition /strongbr /According to Marshall, “The additional benefit a person derives from a given increase of his stock of a thing diminishes with every increase in the stock that he already has”.
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Muskan
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