Question

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Answer 1

Answer:

Q1 - Demand curve slopes downwards from left to right because the law of diminishing marginal utility . According to this law , the utility / satisfaction of the consumer goes on decreasing with every additional consumption of the commodity and hence , the consumer will buy more goods only when the price decreases .

Q2 - Law of Demand : - Schedule , curve , Function , Assumptions and Exception .

Advertisments : - The law of demands describes the

product decreases with increase in its price and vice versa , while other factors are at constant .

Q 3 -