Economy, asked by lokeshrohilla2637, 5 months ago

when does a consumer purchase more at the same price?explain three situation

Answers

Answered by Jsh79579
1

Answer:

aNSWER

A consumer will keep buying the commodity even when the marginal utility falls, unless and until, the marginal utility of the last unit of the commodity consumed equals to the marginal utility of the money spent on the commodity in terms of the price of the commodity.

Explanation:

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