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Physics Chemistry

CSS :: Demand and Supply


  Which one is not a assumption of the theory of demand based on analysis of indifference curves?
[A]. Given scale of preferences as between different combinations of two goods[B]. Diminishing marginal rate of substitution
[C]. Constant marginal utility of money[D]. Consumers would always prefer more of a particular good to less of it, other things remaining the same

Answer: Option C


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