Theory of Demand
Quick practice
Question 1 of 5
Assertion (A):
The law of diminishing marginal utility forms the basis for the downward sloping demand curve.
Reason (R):
Marginal utility tends to decline as additional units of a commodity are consumed.
A
Both A and R are true and R is the correct explanation of A
B
A is false but R is true
C
Both A and R are true but R is not the correct explanation of A
D
A is true but R is false
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