Multiple Choice
In July 2012,it cost $125 to purchase a ticket to visit the parks at Disneyland for one day.A five-day pass to the same parks cost only $290.Disneyland charges less for the additional days because of
A) the real-income effect.
B) diminishing marginal utility.
C) marginal utility.
D) the substitution effect.
E) the consumer optimum.
Correct Answer:
Verified
Correct Answer:
Verified
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