what is dimand utility
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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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Demand and Utility: People demand goods because they satisfy the wants of the people. The utility means the amount of satisfaction which an individual derives from consuming a commodity. It is also defined as want-satisfying power of a commodity.
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