Jenny likes chocolates. One day, a friend offers her a chocolate bar a

Jenny likes chocolates. One day, a friend offers her a chocolate bar and she is extremely happy on receiving it. As the day progresses, many other people also buy her chocolate.

As she gets more and more chocolates, her excitement on receiving each bar is seen to gradually lessen. Which economic principle is reflected in this example?
A) The Law of Increasing Willingness to Pay B) Aggregation of demand behavior
C) The Law of Diminishing Marginal Benefit D) The Law of Equi-Marginal Utility

ANSWER

C