Question

what is dimand utility​

Answer 1

Answer:

An explanation of the law of demand and the negatively-sloped demand curve based on utility analysis and the law of diminishing marginal utility. The law of diminishing marginal utility states that marginal utility declines as consumption increases. Because demand price depends on the marginal utility obtained from a good, price also declines as consumption increases, meaning price and quantity demanded are inversely related, which is the law of demand.

Answer 2

Explanation:

MARGINAL UTILITY AND DEMAND: An explanation of the law of demand and the negatively-sloped demand curve based on utility analysis and the law of diminishing marginal utility. ... Two, the marginal utility of a good underlies the demand price that buyers are willing and able to pay for a good.

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