Multiple Choice Questions on Which law states that as the consumption of a commodity by a consumer increases the satisfaction obt........... for Punjab Government (Allied) Exams Preparation

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Multiple Choice Questions

Which law states that as the consumption of a commodity by a consumer increases the satisfaction obt...........

Economics Demand and Supply , Market Structures
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    Which law states that as the consumption of a commodity by a consumer increases, the satisfaction obtained by the consumer from each additional unit (i.e marginal utility) of the commodity goes on diminishing ?

    Law of Economics

    Incorrect Answer

    Law of diminishing marginal utility

    Correct Answer

    Law of increasing marginal utility

    Incorrect Answer

    Law of utility

    Incorrect Answer
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    Explanation:

    Law of diminishing marginal utility

    By: Rohit Middha
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