An explanation for a downward sloping demand curve rests on the notion of : Option 1: Ordinal Utility Analysis Option 2: Diminishing Average Utility Option 3: Diminishing Marginal Utility Option 4: Diminishing Aggregate Utility

The answer is 'Diminishing Marginal Utility'. View full solution:

CUET Economics - An explanation for a downward sloping demand curve rests on the notion of : | PYQs + Solutions

CUET Economics

Micro

Easy

Ordinal Utility Analysis

Diminishing Average Utility

Diminishing Marginal Utility

Diminishing Aggregate Utility

✅ Correct Option: 3

Related questions:

CUET Economics 2022 Slot 5

Match List - I with List - II.

Choose the correct answer from the options given below :

30 May Shift 1

When utility is measured in quantitative terms, it is ______ of consumer equilibrium.

2 June Shift 1

Law of demand is violated when?