Multiple Choice
The table below shows the total utility associated with various units of goods X and Y.Table 7.5
-The demand curve slopes downward because of:
A) diminishing marginal utility and consumer equilibrium.
B) the fact that consumers cannot decide how much they want to pay for goods and services.
C) the fact that suppliers cannot decide how much to charge for the goods and services they supply.
D) the fact that consumer tastes and preferences change rapidly.
E) the fact that consumers are fickle, which makes pricing a good or service very difficult.
Correct Answer:

Verified
Correct Answer:
Verified
Q96: The table below shows the total utility
Q97: Scenario 5.1<br>The demand for noodles is given
Q98: Scenario 5.1<br>The demand for noodles is given
Q99: The below table shows the average utility
Q100: Scenario 5.1<br>The demand for noodles is given
Q102: The table given below depicts the total
Q103: The below table shows the average utility
Q104: The table below shows the total utility
Q105: Scenario 5.1<br>The demand for noodles is given
Q106: The below figure shows the various combinations