Question

Identify and explain the concept:

1) Sanjana consumed 7 apples one after another.

2) Goods are sold from Maharashtra to Gujarat.

3) Meena deposited ₹ 70,000/- in a bank for a period of 5 years.

Answer 1

Answer:

1) continuity----- it is an assumption of law od diminishing marginal utility.

2) Interport------- the trade which takes place in within the boundry of the country.

3) medium term debosit-------- because long term deposit is of more than 5 years.

hope this will help you (❁´◡`❁)