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If the Marginal Utility of a Product Is Diminishing Relative

Question 79

Multiple Choice

If the marginal utility of a product is diminishing relative to the marginal utility of other products,then _____.


A) the consumer is in equilibrium
B) the consumer has been purchasing relatively less of the product
C) the consumer has been purchasing relatively more of the product
D) the price of this product must have increased
E) the price of the product must have decreased

Correct Answer:

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