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If the Price of a Good Rises,then in the New

Question 62

Multiple Choice

If the price of a good rises,then in the new consumer equilibrium all of the following are true except


A) the marginal utility from consuming the good will be higher than before the price rise.
B) the quantity of the good consumed decreases.
C) the quantity of substitutes consumed increases.
D) the marginal utility from substitutes will be lower than before the price rise.
E) the marginal utility from the good equals its new higher price.

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