The Below Table Shows the Average Utility (In Utils) Obtained

Multiple Choice

The below table shows the average utility (in utils) obtained from the consumption of goods A and B.Table 7.3

-As the price of a good increases:

A) that good will yield less satisfaction per dollar than before.
B) consumers will have more real income to spend on other goods.
C) the quantity demanded of that good will also increase.
D) the utility-maximizing quantity of that good willl not change.
E) consumers will buy the good and substitute away from other goods.