Which of the following refers to the satisfying power of goods and services? It is not absolute but relative. It is a subjective concept and it…
CA Foundation · Business Economics · PYQS · January 2025
Which of the following refers to the satisfying power of goods and services? It is not absolute but relative. It is a subjective concept and it depends upon the mental attitude of people.
Suggested Answer and Working Notes:
Correct Answer: Option (A)
A. Utility
Topics: Theory of Demand and Supply
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