Multiple Choice
If income falls,then in the new consumer equilibrium
A) the marginal utility from normal goods increases.
B) the marginal utility from normal goods decreases.
C) the marginal utility from inferior goods increases.
D) total utility from normal goods increases.
E) both B and C.
Correct Answer:
Verified
Correct Answer:
Verified
Q6: Use the table below to answer the
Q31: You are consuming hot dogs and Cokes
Q38: If a consumer's income increases and if
Q53: A budget line is drawn with<br>A)quantity of
Q63: Use the table below to answer the
Q64: Sarah can consume either pizzas or hamburgers.
Q89: Use the table below to answer the
Q89: Harold can consume apples and oranges.He likes
Q95: Ron starts out in consumer equilibrium,consuming two
Q103: Total utility equals<br>A)the sum of the marginal