Because the height of the demand curve measures the marginal value of the good to consumers, the fact that a demand curve slopes downward to the right illustrates that
A) as more of a product is consumed, consumers will value additional units less.
B) as more of a product is consumed, consumers will value additional units more.
C) the value of additional units of the good is unrelated to the amount consumed.
D) the cost of production for a good generally rises as more of it is produced.
Correct Answer:
Verified
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