Multiple Choice
If the price of a good increases,the marginal utility per dollar spent ________ and consumers buy ________ of the good.
A) remains the same; more
B) remains the same; less
C) decreases; more
D) decreases; less
E) increases; more
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q82: Cell phone companies rely on the _
Q83: The marginal rate of substitution is obtained
Q84: Refer to the following table to answer
Q85: Graphically,total utility can be determined by the
Q86: When a price changes,there are two effects:
Q88: In July 2012,it cost $125 to purchase
Q89: The substitution effect and the real-income effect
Q90: When making personal buying decisions,two important issues
Q91: To reach the consumer optimum for two
Q92: _ is the sum of the satisfaction