2. In most cases, a demand curve has a shape that we call "downward sloping". This means that it looks like a diagonal line going from the top left to the bottom right of a market graph. Why does demand usually have this shape? Explain in your own words. Make sure to include the concept of marginal benefit (a.k.a. marginal utility) in your explanation.

2. In most cases, a demand curve has a shape that we call "downward sloping". This means that it looks like a diagonal line going from the top left to the bottom right of a market graph. Why does demand usually have this shape? Explain in your own words. Make sure to include the concept of marginal benefit (a.k.a. marginal utility) in your explanation.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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