If the Price of a Product Rises, Consumers Buy Less

Multiple Choice

If the price of a product rises, consumers buy less of the good because the:

A) MU/P of the good falls below the MU/P of other goods.
B) MU/P of the good rises above the MU/P of other goods.
C) marginal utility of the good diminishes.
D) total utility of the good diminishes.
E) marginal utility of the good rises.