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Capitalism

As per the la...

Question

As per the law of equal marginal utility consumer considers __________.

A

prices

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B

marginal utilities

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C

availability of goods

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D

Both a & b

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Solution

The correct option is D Both a & b
In equal marginal utility case the consumer tries to match the utility which he is getting from a standard unit of a commodity with the price that is prevalent in the market with other factors remaining constant to achieve equilibrium.

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