Economics · Consumer Behaviour

The concept of consumer's surplus is primarily derived from which of the following laws?

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1Law of equimarginal utility
2Law of supply
3Canon of equality
4Law of diminishing marginal utility✓

Correct answer

Law of diminishing marginal utility

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The concept of consumer's surplus is primarily derived from which of the following laws?

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The concept of consumer's surplus is primarily derived from which of the following laws?

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