The demand curve slopes downward because of diminishing marginal returns. diminishing marginal utility. diminishing returns to scale. increasing marginal costs. increasing returns to scale.

diminishing marginal utility.

Explanation:

The demand curve slopes downward because of diminishing marginal utility. According to this law, when a consumer purchases more units of a good, the marginal utility of that good continues to decrease and therefore, the consumer will purchase more units of that good only when its price falls and the consumer will purchase less when its price rises which proves that demand curve slopes downward.

(a) when insurance is obtained through a reciprocal insurer, the insureds are sharing the risk of loss with other subscribers of that reciprocal.

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1) the stages a new product goes through from beginning to end, i.e., the stages that a product passes through from introduction through growth, maturity, and decline. 2) the time from initial research and development to the time at which sales and support of the product to customers are withdrawn. 3) the period of time during which a product can be produced and marketed profitably.

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