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प्रश्न
State whether true or false:
In case of two commodities, MU of a commodity must fall to attain consumer’s equilibrium.
चूक किंवा बरोबर
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उत्तर
This statement is true.
Reason:
- In the two-commodity cardinal utility approach, equilibrium requires equal marginal utility per rupee for both goods.
- Marginal utility must fall as consumption increases so that the consumer can adjust purchases and reach this equality.
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