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1145. CBSE Economics Class XII - Law of Diminishing Marginal utility

http://iedubook.com/tutorial/su/10/CBSE,-ICSE/CBSE-Class-XI,-ISCE-Class-XI/CBSE-Class-XI-Economics-&-ISCE-Class-11-Economics.htmlLaw of Diminishing Marginal utilityThis law states that as the consumer has more consumption of a commodity, the marginal utility that he derives from the commodity declines.
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