Multiple Choice
The first time Michel tasted coffee,he thought it was bitter and bad-tasting.The second time Michel had coffee,he thought that it was barely tolerable.Eventually,Michel started to enjoy coffee,and within a few months he was drinking several cups a day.In fact,if he did not drink several cups a day,he was miserable.This suggests that,for Michel,
A) demand for coffee has increased.
B) coffee is a need,not a want.
C) diminishing marginal utility does not apply to coffee consumption.
D) economic models cannot be applied to habit-forming substances.
Correct Answer:

Verified
Correct Answer:
Verified
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