How can we derive demand curve from marginal utility curve?
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A rational consumer, before, while purchasing a commodity compares the price of the commodity which he has to pay with the utility of a commodity he receives from it. So long as the marginal utility of a commodity is higher than its price (MUx > Px), the consumer would demand more and more units of it till its marginal utility is equal to its price MUx = Px or the equilibrium condition is established.
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