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15 August, 14:47

Question 97:

Maximizing utility is

panibus.

with the law of demand, which states that consumers will buy

of a good as the price of that good falls, ceteris

a. not consistent, more

b. not consistent, less

c. consistent, less

O d. consistent, more

+1
Answers (1)
  1. 15 August, 14:54
    0
    The correct answer is letter "D": consistent, more.

    Explanation:

    Utility is the satisfaction or joy an individual perceives by consuming a determined good or service. Individuals can maximize their utility by purchasing more of a product moreover when the product's price decreases. Therefore, the maximizing utility principle matches the law of demand that states as soon as a price diminishes the quantity demanded increases.
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Home » Business » Question 97: Maximizing utility is panibus. with the law of demand, which states that consumers will buy of a good as the price of that good falls, ceteris a. not consistent, more b. not consistent, less c. consistent, less O d. consistent, more
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