How did the principle of diminishing marginal utility is related to the downward - sloping demand curve

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Pamela Weiss

10 January, 16:09

How did the principle of diminishing marginal utility is related to the downward - sloping demand curve

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Brendan Green · Answer 1

They are alike because they both show the quantity of demand and the price at that demand ... People are going to buy more of a product when the price drops and less of a product when the price increases. Explain how the principle of diminishing marginal utility is related to the downward-sloping demand curve.