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Under what circumstances might demand and price rise? Does such an observation contradict the law of diminishing marginal utility?
Author(s) -
Dawson Graham
Publication year - 1989
Publication title -
economic affairs
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.24
H-Index - 18
eISSN - 1468-0270
pISSN - 0265-0665
DOI - 10.1111/j.1468-0270.1989.tb00709.x
Subject(s) - economics , marginal utility , law , neoclassical economics , law and economics , political science
Graham Dawson, Head of Economics at Bedford School, gives the fourth in the series of Model Answers for ‘A’ Level economics.