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greymouse15Lv1
18 Aug 2020
If the price of product X increases, then the resulting decline in the amount purchased will:
a. reduce the marginal utility of the last unit consumed of this good.
b. increase the marginal utility of the last unit consumed of this good.
c. necessarily increase the consumer's total utility from his total purchases.
d. increase the total utility from purchases of this good.
If the price of product X increases, then the resulting decline in the amount purchased will:
a. reduce the marginal utility of the last unit consumed of this good.
b. increase the marginal utility of the last unit consumed of this good.
c. necessarily increase the consumer's total utility from his total purchases.
d. increase the total utility from purchases of this good.
Sonia DhawanLv10
14 Oct 2020
