Economy, asked by RakeshKulkarni, 10 months ago

3. Explain the derivation of demand curve in the case of a single
commodity.​

Answers

Answered by Anonymous
1

Answer:

In the case of a single commodity, the derivation of the demand curve is done with the help of the concept of diminishing marginal utility. Marginal utility is the satisfaction a person receives from consuming one unit of commodity. ... So at diminishing price, the quantity demanded of good X increases.

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