The time it takes for policy makers to change policy instruments once they have decided on the new policy is called

The principle of decreasing marginal benefit means that as the quantity of a good consumed

A) decreases, its marginal benefit decreases. B) increases, its marginal benefit decreases. C) increases, its total benefit decreases. D) None of the above answers is correct.

Refer to the information provided in Figure 1.3 below to answer the question(s) that follow.Figure 1.3Refer to Figure 1.3. The slope of the line is

A. decreasing at an increasing rate. B. negative. C. increasing at an increasing rate. D. positive.