Question

Goods are undemanded because these possess:​

Answer 1

Explanation:

the principle of diminishing marginal utility requires that as consumption of one good increases, fewer and fewer of other goods must be given up to keep the level of satisfaction constant

Answer 2

Goods are undemanded because they do not possess utility.

• The utility is the want satisfying power of a product or a service. If a product is not up to the mark and is not prepared according to the needs and preferences of the customers it would not be demanded.
• Goods also possess the quality of diminishing marginal utility. This means with the increase in consumption the utility level of the product decreases.