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Utility Analysis — Economics STD 12 Commerce / Arts — Question

Maharashtra BoardEnglish MediumSTD 12 Commerce / ArtsEconomicsUtility Analysis2 Marks
Question
Tanvi took umbrella while going out as it started raining.
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Answer

Concept: Time utility.
Explanation : When Utility of a commodity increases during particular time period, it is called time utility.
Tanvi is using umbrella, when it is raining Ans. so, it is an example of time utility.

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