According to the utility model of consumer demand the law of-08794
According to the utility model of consumer demand, the law of diminishing marginal utility indicates that the demand curve is:
This multiple choice question (MCQ) is related to the book/course
vu eco401 Economics.
It can also be found in
vu eco401 Final Term - Quiz No.4.
According to the utility model of consumer demand, the law of diminishing marginal utility indicates that the demand curve is:
Vertical.
U-shaped.
Upward sloping.
Downward-sloping.
