Question

question 4
0.5 pts
the demand curve is typically downward sloping because:
of the law of diminishing marginal utility.
consumers will not to pay as much for a good with a low marginal utility as they will for a good with a high marginal utility.
all other answers.
consumers have limited budgets.

Explanation:

The law of diminishing marginal utility states that as a consumer consumes more of a good, the additional satisfaction (marginal utility) from each additional unit decreases. So, consumers are willing to pay less for additional units, leading to a downward - sloping demand curve. Also, consumers with limited budgets adjust their consumption based on marginal utility, paying more for goods with high marginal utility. All the given reasons contribute to the downward - sloping nature of the demand curve.

Answer:

C. All other answers