if law of diminishing marginal utility does not afraid then what would happen in case of equilibrium into commodity model under cardinal approach
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In this given problem, we have to tell how does the law of diminishing marginal utility affect demand. So our answer is log off, diminishing marginal utility states that as consumption of a good increases, that satisfaction derived from the each additional unit decreases means that the more person users are good, the less benefit again and more likely they want and other alternatives. This law causes the downward slope off demand because according to this law, the marginal utility of a community, it do this Brenda quantity of goods it's more. And when quantity is more, the prices will fall, which leads to increasing 30 months. Hence the demand curve slobs downward.
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