The law of diminishing marginal utility states that a rise in price of a product results in decline in its marginal utility

The law of diminishing marginal utility states that a rise in price of

1.	The law of diminishing marginal utility states that a rise in price of a product results in decline in its marginal utility
Answer» Solution :The LAW STATES that as we consume more and more UNITS of a COMMODITY, there is decline in marginal utility from it.