Which of the following shows why individual demand curve for…

JAMB Economics 2023 258 views
Source: JAMB · 2023

Which of the following shows why individual demand curve for a good usually slopes downward from left to right?

  1. More of commodities are offered for sale at a lower than higher prices
  2. Prices are usually falling when demand is low
  3. Marginal utility falls as consumption increases ✓
  4. The higher the price, the higher the quantity offered for sale

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