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    Microeconomics 2
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    Exam 3: Factor and Product Markets, Equilibrium, and Production Factors
  5. Question
    On Which Law of Consumption the Concept of Consumer's Surplus
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On Which Law of Consumption the Concept of Consumer's Surplus

Question 16

Question 16

Multiple Choice

On which law of consumption the concept of consumer's surplus is based?


A) Engel's law
B) Law of demand
C) First law of Gossen
D) Second law of Gossen

Correct Answer:

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