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The law of
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The law of
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The correct option is A Demand
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The Law Of Diminishing Marginal Utility states that all else equal as consumption increases the marginal utility derived from each additional unit declines. Marginal utility is derived as the change in utility as an additional unit is consumed.
The Law of Diminishing Marginal Utility directly relates to the concept of diminishing prices. As the utility of a product decreases as its consumption increases, consumers are willing to pay lesser amounts for more of the product. That is the higher consumption of a product leads to decline in the demand for it due to decrease in its marginal utility
<!--td {border: 1px solid #ccc;}br {mso-data-placement:same-cell;}--> The Law Of Diminishing Marginal Utility states that all else equal as consumption increases the marginal utility derived from each additional unit declines. Marginal utility is derived as the change in utility as an additional unit is consumed.
The Law of Diminishing Marginal Utility directly relates to the concept of diminishing prices. As the utility of a product decreases as its consumption increases, consumers are willing to pay lesser amounts for more of the product. That is the higher consumption of a product leads to decline in the demand for it due to decrease in its marginal utility
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