Any factor that shifts the demand curve to the left but does not affect the supply curve will lower the equilibrium price and raise the equilibrium quantity

One reason why better-looking workers may have higher earnings is that physical attractiveness may enhance a worker's productivity for certain jobs, especially for those workers who deal with the public

a. True b. False Indicate whether the statement is true or false

Water is essential to life, while diamonds are not. However, water is cheap and diamonds are expensive. This paradox can be resolved by focusing on:

A) total utility rather than average utility. B) average utility rather than marginal utility. C) marginal utility rather than total utility. D) total utility rather than marginal utility. E) average utility rather than total utility.