See if students can relate the rate at which marginal utility falls to price elasticity of demand. Talk about iminishing marginal utility in reverse. The less you have of something, the more marginal utility nses.
See if students can relate the rate at which marginal utility falls to price elasticity of demand. Talk about iminishing marginal utility in reverse. The less you have of something, the more marginal utility nses.
See if students can relate the rate at which marginal utility falls to price elasticity of demand. Talk about iminishing marginal utility in reverse. The less you have of something, the more marginal utility nses.