The Principle of Diminishing Marginal Utility Says That

question 51

Multiple Choice

The principle of diminishing marginal utility says that

• A) as more of a good or service is consumed, demand will decrease.
• B) as more of a good or service is consumed, the price will rise.
• C) the marginal utility of additional units consumed will increase.
• D) the marginal utility of additional units consumed will decline.

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