Question

_________States that marginal utility decreases as more of a good or service is consumed .
Ans (A) Law of Demand
(B) Law of diminishing Marginal Utility
(C) Law of Equi-Marginal Utility
(D) Law of Satisfaction
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Answer 1

Law of diminishing Marginal Utility States that marginal utility decreases as more of a good or service is consumed .

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Answer 2

Answer:

B

Explanation: