An explanation for the shape of the demand curve can be found in the principle of decreasing marginal benefi t: since marginal benefi t falls as quantity consumed increases, the consumer will be induced to buy each extra unit only if its price falls.
If you want to change selection, open document below and click on "Move attachment"
pdfs
- owner: Martinus - (no access) - ECONOMICS.pdf, p22
- owner: Manuel - (no access) - Economics - Ellie Tragakes - Second Edition - Cambridge 2012.pdf, p22
Summary
| status | not read | | reprioritisations | |
|---|
| last reprioritisation on | | | suggested re-reading day | |
|---|
| started reading on | | | finished reading on | |
|---|
Details