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Gideon123 Gideon123
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5 years ago

The marginal utility of a good (e.g., bananas) declines with increases in the consumption of that good. This phenomenon is referred to as the



• Law of Diminishing Marginal Utility.

• Engel's Law.

• Law of Demand.

• None of these.
Textbook 
Introduction to Agricultural Economics

Introduction to Agricultural Economics


Edition: 7th
Authors:
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Steve T.Steve T.
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5 years ago
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