The greater a household's ________ the less is its saving

As consumption increases, total utility increases

A) at an increasing rate. B) at a decreasing rate. C) at a constant rate. D) and marginal utility increases.

The more elastic the supply of a product, the more likely it is that the

a. burden of a tax on the product will fall on sellers. b. burden of a tax on the product will fall on buyers. c. burden of a tax on the product will fall equally on both buyers and sellers. d. deadweight loss of the tax will be smaller.