Demand curve can be derived from the law of diminishlng marginal utility on which of the following assumptions? (i) Utility can be measured in quantitative terms (ii) Utility of money is constant Of these statements: A.Only (i) is true B.Both (i) and (ii) are true C.Only (ii) is true D.Neither (i) nor (ii) is true

Demand curve can be derived from the law of diminishlng marginal utility on which of the following
assumptions?
(i) Utility can be measured in quantitative terms
(ii) Utility of money is constant
Of these statements:
A.Only (i) is true
B.Both (i) and (ii) are true
C.Only (ii) is true
D.Neither (i) nor (ii) is true
by

1 Answer

Answer :

B.Both (i) and (ii) are true
by

Related questions

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