12. Under law of demand—(A) Price of commodity is an independent variable(B) Quantity demanded is a dependent variable(C) Reciprocal relationship is found between price and quantity demanded(D) All of the above 15. Utility means—(A) Power to satisfy a want (B) Usefulness(C) Willingness of a person (D) Harmfulness 20. According to Marshall, the basis of consumer surplus is—(A) Law of diminishing marginal utility (B) Law of equi-marginal utility(C) Law of proportions (D) All of the above
This question was answered on: May 23, 2022
This attachment is locked
Our expert Writers have done this assignment before, you can reorder for a fresh, original and plagiarism-free copy and it will be redone much faster (Deadline assured. Flexible pricing. TurnItIn Report provided)
May 23, 2022EXPERT
We have top-notch tutors who can do your essay/homework for you at a reasonable cost and then you can simply use that essay as a template to build your own arguments.
You can also use these solutions: