Economics · Microeconomics
Alfred Marshall's formulation of consumer's surplus is based on which economic law?
- 1Law of Diminishing Marginal Utility✓
- 2Law of Demand
- 3Law of Supply
- 4Law of Equi-Marginal Utility
Correct answer
Law of Diminishing Marginal Utility
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Preparing for Economics?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Want more practice questions on Microeconomics?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Economics · Microeconomics