Multiple choice

The second chapter gives lesser satisfaction to a hungry boy. This is a clear case of

  1. law of demand

  2. law of diminishing returns

  3. law of diminishing utility

  4. law of supply

Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

This question tests the same concept as 204702 - diminishing marginal utility. As a hungry person consumes more food, each additional unit provides less satisfaction than the previous one. The law of diminishing marginal utility explains this decreasing satisfaction pattern and is fundamental to understanding demand curves and consumer equilibrium.