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:

Atoms

The basic unit of a chemical element, consisting of a nucleus surrounded by electrons, defining the properties of matter.

U

U is the chemical symbol for uranium, a heavy metallic element used as a fuel in nuclear reactors and in the production of nuclear weapons.

Electrons

Electrons are negatively charged subatomic particles found in atoms, crucial for chemical bonds, electricity, and magnetism.

Atoms

The smallest units of matter that form chemical elements, consisting of a nucleus surrounded by electrons.