Economics · Consumer Behavior
On which principle is the Law of Demand based?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Principle of Total Cost
- 2Principle of Diminishing Marginal Utility✓
- 3Principle of Average Cost
- 4Principle of Marginal Cost
Correct answer
Principle of Diminishing Marginal Utility
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