If the price of a good falls, the marginal utility per dollar spent on that good
a. also falls
b. stays the same
c. rises
d. will rise or fall, depending on the consumer
e. remains unchanged, provided the consumer buys no more of the good
C
Economics
You might also like to view...
Setting concert ticket prices below their market clearing level replaces monetary with nonmonetary costs
Indicate whether the statement is true or false
Economics
A cartel is:
A. A form of covert collusion B. Legal in the United States C. Always successful in raising profits D. A formal agreement among firms to collude
Economics