Home › Bihar Board Class 12 (Arts) › Economics › Theory of Consumer Behaviour › Why is utility described as subjective?
Why is utility described as subjective?
AIt is set by the government
BIt depends only on the price
CIt is the same for every buyer
DPeople value one good differently
Answer & Solution
Correct answer: D. People value one good differently
Satisfaction depends on personal liking, place and time, so two people can value one good very differently.
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