Which among the following is not true? Select one: a. None of the answers are correct b. When marginal utility declines, a higher price is needed to induce the consumer to buy more of a particular product c. When marginal utility declines, a lower price is needed to induce the consumer to buy more of a particular product d. All the answers are correct e. Utility maximizing rule and the demand curve are logically consistent

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Q: explain law of diminishing marginal utility concept with exampl

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