Date
Explain the reason
behind the downward
demand
slope of the
curve
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5
Explanation:
The law of demand is based on the law of Diminishing Marginal Utility. According to this law, when a consumer buys more units of a commodity, the marginal utility of that commodity continues to decline. ... Thus, due to the price effect when consumers consume more or less of the commodity, the demand curve slopes downward.
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