Multiple Choice
A consumer's demand curve slopes downward because as the
A) price of a commodity rises, the marginal utility per dollar falls relative to other goods so that less will be purchased to restore equilibrium.
B) average utility of the commodity rises, the price falls; this increases the individual's consumption.
C) price of a product rises, its total utility rises, so the consumer will buy less.
D) consumer buys more, total utility falls, so he or she is not willing to pay as much for the units.
E) price of a commodity falls, demand decreases.
Correct Answer:

Verified
Correct Answer:
Verified
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