When the price of a commodity rises, we can expect
a. marginal utility of the last unit purchased will rise.
b. marginal utility of the last unit purchased will fall.
c. marginal utility of the last unit purchased will be unaffected.
d. purchases to rise because of the increased marginal utility.
a
Economics
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In general, a fine on selling a product leads to the
A) supply curve shifting rightward. B) supply curve shifting leftward. C) demand curve shifting rightward. D) demand curve shifting leftward.
Economics
If the (average) tax rate is cut by 10%, and as a result the tax base rises by 15%, tax revenues will rise
Indicate whether the statement is true or false
Economics