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Business, 13.12.2019 04:31 AshlynPlayz45
Because successive units of a good produce less and less additional satisfaction, the price must fall to encourage a buyer to purchase more units of the good. this statement is most consistent with which explanation for the law of demand?
a) the rationing function of prices
b) the substitution effect
c) diminishing marginal utility
d) the income effect
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Answers: 3
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