Economics · Consumer Behaviour
The utility of a commodity means:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1The excess of satisfaction over the price
- 2The price the consumer has to pay
- 3The total production cost of the commodity
- 4The want-satisfying power of the commodity✓
Correct answer
The want-satisfying power of the commodity
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