Wud da demand increase if the marginal utility of a rupee is increased?
will the demand of a product increase or decrease if the marginal utility of a rupee in increased?
Answer:
very simple.. if you solve this given problem, your problems will be solved automatically, but don't be selfish - its Natural Formula -
becoz all problems are interlinked with each other..
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am I Wrong ??
as per the law of demand it should not .. as marginal utility of rupee on increases the face value not the purchasing power.
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