Economics · Consumer Behaviour

Which of the following is called Gossen's first law?

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1Law of Demand
2Law of Diminishing Marginal Utility✓
3Law of Equi-Marginal Utility
4Law of Substitution

Correct answer

Law of Diminishing Marginal Utility

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Which of the following is called Gossen's first law?

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Which of the following is called Gossen's first law?

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