Solved

If the Price of a Good Decreases,the Marginal Utility Per

Question 10

Multiple Choice

If the price of a good decreases,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) increases; less
E) increases; more

Related Questions

Q5: Refer to the following figure:<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4871/.jpg"

Q6: Budget constraint is the<br>A) set of consumption

Q7: Refer to the following figure to answer

Q8: Refer to the following graph to answer

Q9: The power of indifference curve analysis is

Q11: The rate at which a consumer is

Q12: Refer to the following table to answer

Q13: As marginal utility decreases,total utility<br>A) decreases by

Q14: The diamond-water paradox explains why<br>A) water,which is

Q15: Refer to the following figure to answer