Mark's marginal utility from reading books is the ________ when he reads ________
A) change in his total utility; one additional book
B) total utility he gets; one more book
C) change in his total utility; more books
D) consumer surplus he gets; books
A
Economics
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A sandwich shop lowers the price of tuna sandwiches. The shop suddenly sells more tuna sandwiches than usual. Which of the following does this change in sales show?
A. Substitution effect B. Income effect C. Law of demand D. Law of supply
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If orders exist in large volume, then the market has
A) depth. B) breadth. C) resiliency. D) None of the above.
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