Question

What is the relationship between the demand schedule and demand curve?

How is the slope of the demand curve can be explained by the principle of diminishing marginal utility?

Answer 1

A demand schedule is a table that shows the quantity demanded at different prices in the market. A demand curve shows the relationship between quantity demanded and price in a given market on a graph. The law of demand states that a higher price typically leads to a lower quantity demanded.

The principle of diminishing marginal utility states that the satisfaction we gain from buying a product lessens as we buy more of the same product. As we use more of a product, we are not willing to pay as much for it. Therefore, the demand curve is downward sloping.

Google

Answer 2

Thnx

Answer 3

Wow that was really helpful to her great job

Answer 4

@CocoCammron LMAO I just took some things soo they didnt see i copied google

Answer 5

\(\color{#0cbb34}{\text{Originally Posted by}}\) @Dileiny
@CocoCammron LMAO I just took some things soo they didnt see i copied google
\(\color{#0cbb34}{\text{End of Quote}}\)
Wow okie

Answer 6

\(\color{#0cbb34}{\text{Originally Posted by}}\) @CocoCammron
\(\color{#0cbb34}{\text{Originally Posted by}}\) @Dileiny
@CocoCammron LMAO I just took some things soo they didnt see i copied google
\(\color{#0cbb34}{\text{End of Quote}}\)
Wow okie
\(\color{#0cbb34}{\text{End of Quote}}\)
Yea Lol dont wrry

Answer 7

Close this now that someone answered it

Answer 8

mk

Answer 9

Ok