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As a consumer increases the consumption of any one commodity, marginal utility of the variable commodity must eventually decline."Illustrate the statement.

Illustrate law of demand .Give reasons demand curve sloping downward?

What is elasticity of demand .How can it be calculated?

Illustrate law of substitution. Give its importance in economics?

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M9546124

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