Solved

-Refer to the Table Above

Question 22

Multiple Choice

  -Refer to the table above.When the price of Good B decreases from $2 to $1,the extra utility from spending an extra dollar on Good B associated with 1 unit of consumption A)  falls from 33 to 16.5. B)  rises from 20 to 40. C)  rises from 33 to 40. D)  falls from 20 to 13.3. E)  remains constant.
-Refer to the table above.When the price of Good B decreases from $2 to $1,the extra utility from spending an extra dollar on Good B associated with 1 unit of consumption


A) falls from 33 to 16.5.
B) rises from 20 to 40.
C) rises from 33 to 40.
D) falls from 20 to 13.3.
E) remains constant.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions