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Given the Utility-Optimizing Rule and the Presence of Diminishing Marginal

Question 300

Multiple Choice

Given the utility-optimizing rule and the presence of diminishing marginal utility for a good


A) the demand curve for the good will be vertical.
B) there will not be a well-defined demand curve.
C) there will not be a substitution effect.
D) the demand curve for the good will be negatively sloped.

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