Along the demand curve for a good, _____ as larger quantities of the good are consumed during any period.
A)marginal willingness to pay decreases
B)consumer surplus decreases
C)marginal valuation of the good increases
D)marginal benefit derived from consuming one more unit increases
E)marginal willingness to pay increases

Question

Quizplus · Accepted Answer

The demand curve typically slopes downward, indicating that as more of a good is consumed, the marginal willingness to pay (or the value consumers place on an additional unit) decreases. This is because the first units consumed are usually the most valued, and each additional unit is valued less, reflecting diminishing marginal utility.

Along the Demand Curve for a Good, _____ as Larger