The demand curve for a commodity is downward sloping because the consumer will pay
A. less as the marginal utility falls B. more as the marginal utility falls C. less as the total utility falls D. more as the average utility falls
Correct Answer: C
Explanation
The demand curve is downward sloping, indicating the negative relationship between the price of a product and the quantity demanded. This means that, consumers consume more or less of the commodity. The consumer will be unwilling to pay for a commodity whose total utility is declining
