CUET Economics - Choose the correct statements in the context of the law of diminishing marginal utility (A) States that each successive unit of a commodity provides lower marginal utility. (B) States that each successive unit of a commodity provides higher marginal utility. (C) Explains why demand curves have a negative slope. (D) States that the marginal utility from consuming each additional unit of a commodity declines as its consumption increases, while keeping consumption of other commodities constant. Choose the correct answer from the options given below: | PYQs + Solutions | AfterBoards