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When the Price of a Good Rises,the Ratio of the Marginal

Question 101

Multiple Choice

When the price of a good rises,the ratio of the marginal utility of that good divided by its price _______ and,as a result,consumers purchase _______of that good.


A) rises;more
B) falls;more
C) rises;less
D) falls;less
E) does not change;the same quantity

Correct Answer:

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