An Individual's Demand Curve Slopes Downward Because

question 19

Multiple Choice

An individual's demand curve slopes downward because

• A) the value of the marginal utility falls as the price decreases.
• B) of the law of diminishing marginal utility.
• C) the marginal utility of the last unit always equals the price.
• D) marginal utility falls as price decreases.

---

Definitions:

C Corporations

A legal structure for a corporation in which the owners are taxed separately from the entity, providing limited liability protection but facing double taxation.