Economics · Consumer Choice Theory
Marshall's concept of consumer surplus is primarily based on which economic law?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Indifference Curve Analysis
- 2Law of Diminishing Marginal Utility✓
- 3Law of Substitution
- 4Revealed Preference Theory
Correct answer
Law of Diminishing Marginal Utility
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