Economics · Theory of Demand

A typical non-linear demand curve representing diminishing marginal utility is mathematically described as being shape-wise:

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1Concave to the origin
2Convex to the origin✓
3Perfectly vertical
4Upward sloping linear

Correct answer

Convex to the origin

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A typical non-linear demand curve representing diminishing marginal utility is mathematically described as being shape-wise:

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