Higher Prices

Multiple Choice

Higher 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.