The demand curve for a commodity is downward sloping because the consumer will pay
- less as the marginal utility falls
- more as the marginal utility falls
-
less as the total utility falls
- more as the average utility falls
The correct answer is: C
Explanation
The demand curve is downward sloping, indicating the negative relationship between the price of a product and the quantity demanded. This means that, consumers consume more or less of the commodity. The consumer will be unwilling to pay for a commodity whose total utility is declining