Because the market demand curve slopes downward
A)each unit of a good is worth more than the market price
B)each unit of a good is worth the market price paid for each
C)each unit of a good is worth less than the previous units are worth
D)diminishing marginal returns have set it
E)the market is efficient

Question

Quizplus · Accepted Answer

The downward slope of the market demand curve indicates that each additional unit of a good is valued less than the previous units, reflecting diminishing marginal utility.

Because the Market Demand Curve Slopes Downward