Ask Question
3 December, 22:03

If the price of product X rises, then the resulting decline in the amount purchased will

A) necessarily increase the consumer's total utility from his total purchases.

B) reduce the marginal utility of the last unit consumed of this good.

C) increase the marginal utility of the last unit consumed of this good.

D) increase the total utility from purchases of this good

+3
Answers (1)
  1. 3 December, 22:09
    0
    C) increase the marginal utility of the last unit consumed of this good.

    The answer choice above is correct.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “If the price of product X rises, then the resulting decline in the amount purchased will A) necessarily increase the consumer's total ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers