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Using Marginal Utility Theory, When the Price of a Gallon

Question 310

Multiple Choice

Using marginal utility theory, when the price of a gallon of milk falls, a consumer will buy


A) the same amount of milk as before and buy more of all other goods.
B) more milk.
C) more milk only if its marginal utility is increasing.
D) more milk only if its marginal utility is constant.

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