Which among the following is/are the drawback(s) of consumer surplus (as explained in marginal utili….

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Which among the following is/are the drawback(s) of consumer surplus (as explained in marginal utility analysis)?

Options :-

1. It is highly hypothetical and imaginary.
2. It does not apply to necessaries.
3. It cannot be measured in terms of money because marginal utility of money changes.
4. All of the above

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