The second glass of lemonade gives lesser satisfaction to a thirsty boy. This is a clear case of
A. Law of demand.
B. Law of diminishing returns.
C. Law of diminishing utility.
D. Law of supply.
Answer:C
The second glass of lemonade gives lesser satisfaction to a thirsty boy. This is a clear case of
A. Law of demand. B. Law of diminishing returns. C. Law of diminishing utility. D. Law of supply.