Multiple Choice
Which of the following is true along a downward-sloping linear demand curve?
A) The marginal utility from the consumption of each unit of the good and the total utility from consuming larger quantities increase.
B) The marginal utility from the consumption of each unit of the good and the total utility from consuming larger quantities remain constant.
C) The marginal utility from the consumption of each unit of the good falls and the total utility from consuming larger quantities increases.
D) The marginal utility from the consumption of each unit of the good rises and the total utility from consuming larger quantities remains constant.
Correct Answer:
Verified
Correct Answer:
Verified
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