Evaluate whether marginal utility theory can fully explain the link between the changing price of a good and quantity demanded of that good. OR

Economics

IGCSE&ALevel

CAIE

Exam No：9708_w24_qp_42 Year：2024 Question No：2

Answer:

7.1.1 definition and calculation of total utility and marginal utility

7.1.5 limitations of marginal utility theory and its assumptions of rational behaviour

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