Multiple Choice
Lower prices
A) lower the marginal utility per dollar spent and cause consumers to buy less of a good.
B) increase the marginal utility per dollar spent and cause consumers to buy less of a good.
C) do not change the marginal utility per dollar.
D) lower the marginal utility per dollar spent and cause consumers to buy more of a good.
E) increase the marginal utility per dollar spent and cause consumers to buy more of a good.
Correct Answer:
Verified
Correct Answer:
Verified
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