Question

explain satiation preference with diagram​

Answer 1

The economic principle of satiation is the effect whereby the more of a good one possesses the less one is willing to give up to get more of it. This effect is caused by diminishing marginal utility, the effect whereby the consumer gains less utility per unit of a product the more units of a product he or she consumes.

ʜᴏᴘᴇ ɪᴛ ᴡɪʟʟ ʜᴇʟᴘ ʏᴏᴜ.

ᴍᴀʀᴋ ᴀs ʙʀᴀɪɴʟɪsᴛ.