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Tamil Nadu Board of Secondary EducationHSC Commerce Class 11

The basis for the law of demand is related to - Economics

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Question

The basis for the law of demand is related to

Options

  • Law of diminishing marginal utility

  • Law of supply

  • Law of Equi-marginal utility.

  • Gossen’s Law.

MCQ

Solution

Law of diminishing marginal utility.

shaalaa.com
Cardinal Utility Analysis
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Chapter 2: Consumption Analysis - Model Questions - Part A [Page 50]

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Samacheer Kalvi Economics [English] Class 11 TN Board
Chapter 2 Consumption Analysis
Model Questions - Part A | Q 7 | Page 50
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