English, asked by nidhisinghgkp20, 10 months ago

what is dimand utility

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Answered by bainsjashan

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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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