Economics · Consumer Behaviour
What is Gossen's First Law in economics known as?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Law of Diminishing Marginal Utility✓
- 2Law of Equi-Marginal Utility
- 3Law of Supply
- 4Law of Demand
Correct answer
Law of Diminishing Marginal Utility
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