Multiple Choice Questions on An individual demand curve slopes downward to the right because of the ........ for SEBI Grade A ( Officer) Exam Preparation

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Multiple Choice Questions

An individual demand curve slopes downward to the right because of the ........

Economics- Phase (I & II) Demand and Supply for Money 
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    An individual demand curve slopes downward to the right because of the

    Working of the law of diminishing marginal utility

    Incorrect Answer

    Substitution effect of decrease in price

    Incorrect Answer

    Income effect of fall in price

    Incorrect Answer

    All of the above

    Correct Answer
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    Explanation:

    An individual demand curve slopes downward to the right because of the Working of the law of diminishing marginal utility, Substitution effect of decrease in price and Income effect of fall in price.

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