The downward slope of the demand curve results from:
A) increasing opportunity cost.
B) diminishing marginal utility.
C) increasing marginal product of labor.
D) increasing marginal utility.

Question

Quizplus · Accepted Answer

The downward slope of the demand curve is primarily due to diminishing marginal utility, which means that as consumers purchase more of a good, the satisfaction (utility) they receive from each additional unit decreases, leading them to only be willing to buy more at lower prices.

The Downward Slope of the Demand Curve Results From