How are the law of demand and the law of diminishing marginal utility related?
a. The law of diminishing marginal utility explains the law of demand.
b. The law of demand explains the law of diminishing marginal utility.
c. The law of demand contradicts the law of diminishing marginal utility.
d. The law of diminishing marginal utility contradicts the law of demand.
a. The law of diminishing marginal utility explains the law of demand.
Economics
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GDP calculations tend to exclude all of the following EXCEPT
A) environmental quality. B) salaries paid to government employees. C) illegal transactions. D) work that people do for themselves in their own homes.
Economics