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AP Micro: Marginal Utility and Demand
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Since Marginal Utility Diminishes and people will buy more when their marginal utility allows for it, does the curve of marginal utility for a product equal the demand curve? Eg. if people get 10 dollar utils for 1 coffee and 8 for the second and 5 for the 3rd and 1 for the 4th won't people just buy along these lines, forming the demand curve?

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9 months ago