Social Sciences, asked by NehalandKopal9688, 1 year ago

derive demand curve in one commmodity case
microeconomics

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Answered by ps5441158
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Derivation of demand curve in case of single commodity

Derivation of Demand Curve in the Case of a Single Commodity (Law of Diminishing Marginal Utility) Cardinal utility analysis can be used to derive demand curve for a commodity. ... Therefore, there is a negative relationship between price of a commodity and quantity demanded which is referred to as the Law of Demand.

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