An individual demand curve slopes downward to the right because of the

An individual demand curve slopes downward to the right because of the

Q. An individual demand curve slopes downward to the right because of the:

  1. Working of the law of diminishing marginal utility
  2. substitution effect of decrease in price
  3. income effect of fall in Price
  4. All of the above

Answer: All of the above

Demand and Supply MCQs
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