The law of diminishing marginal utility is used in Chapter 3 to explain
why the law of supply holds.
the difference between substitutes and complements.
the difference between normal and inferior goods.
why the law of demand holds.
The law of diminishing marginal utility is used in Chapter 3 to explain
why the law of supply holds.
the difference between substitutes and complements.
the difference between normal and inferior goods.
why the law of demand holds.