Multiple Choice
Over the past 10 years,the price of a downloaded song has ________ which has lead to ________.
A) increased; a decrease in consumer surplus
B) increased; an increase in consumer efficiency
C) decreased; an increase in consumer surplus
D) decreased; a decrease in consumer efficiency
E) not changed; no change in consumer surplus
Correct Answer:
Verified
Correct Answer:
Verified
Q16: Diminishing marginal utility means that as more
Q17: If Joan consumes 1 dinner roll,she has
Q19: A consumer is in equilibrium when the<br>A)
Q20: Moving downward along a demand curve,so that
Q22: A consumer's demand for tuna can be
Q24: An increase in the price of a
Q25: Suppose you have a $20 budget per
Q26: Jen consumes 5 CDs and 2 tacos.She
Q138: Bananas Apples<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8586/.jpg" alt="Bananas Apples
Q276: Suppose Abe is allocating his entire income