According to the Utility Model of Consumer Demand, the Law

question 170

Multiple Choice

According to the utility model of consumer demand, the law of diminishing marginal utility indicates that the demand curve is:

• A) flat.
• B) downward sloping.
• C) U-shaped.
• D) upward sloping.

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Definitions:

Mollusks

A diverse group of invertebrates including snails, octopuses, and clams, known for their soft bodies, some with hard shells.

Annelids

A phylum of worm-like animals characterized by segmented bodies and the presence of a true coelom, including earthworms and leeches.

Nematocysts

Specialized organelles within cnidocytes of cnidarians, such as jellyfish, used to capture prey through the release of a coiled, barbed thread.

Cnidarians

A phylum of aquatic invertebrate animals that includes organisms such as jellyfish, corals, and sea anemones, characterized by their cnidocytes, specialized cells used for capturing prey.