Correct Answer: Option A

Explanation

 In economics, the law of diminishing marginal utility states that the marginal utility of a good or service declines as its supply increases.

The law of diminishing marginal utility helps to explain the negative slope of the demand curve and the law of demand. If the satisfaction obtained from a good declines, then buyers are willing to pay a lower price, hence demand price is inversely related to quantity demanded, which is the law of demand.

• Simplify 1/√3+√5 - 1/√2+√3 * 1/√3? Answer this

  1 Answers   ·   Mathematics   ·   1 hour ago
• The thrust due to hydrostatic pressure alone at the bottom of a fish tank which is 60cm×40cm when the depth... Answer this

  3 Answers   ·   2 years ago
• likely questions on commerce for waec? Answer this

  1 Answers   ·   Commerce   ·   5 days ago