Economics · Consumer Behaviour
A consumer is in equilibrium when they spend their income according to the:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Law of demand and supply.
- 2Principle of equi-marginal utility.✓
- 3Principle of increasing returns.
- 4Law of diminishing marginal utility.
Correct answer
Principle of equi-marginal utility.
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