![Explain the relationship between diminishing marginal utility and the demand curve Explain the relationship between diminishing marginal utility and the demand curve](https://digitalteachers.co.ug/wp-content/uploads/2022/09/Bbosa-Science.png)
Explain the relationship between diminishing marginal utility and the demand curve
- As marginal utility falls, demand also falls since consumers will be willing to consume additional units at successively lower prices
- Both have negative slope i.e. they obey law of demand
CATEGORIES Economics
TAGS Dr. Bbosa Science