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If the Price of Product X Rises, Then the Resulting

Question 140

Multiple Choice

If the price of product X rises, then the resulting decline in the amount purchased will


A) necessarily increase the consumer's total utility from his total purchases.
B) increase the marginal utility of the last unit consumed of this good.
C) increase the total utility from purchases of this good.
D) reduce the marginal utility of the last unit consumed of this good.

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