Along a downward-sloping linear demand curve
A) the marginal utility from the consumption of each unit of the good rises and the total utility from consuming larger quantities remain constant.
B) the marginal utility from the consumption of each unit of the good and the total utility from consuming larger quantities remain constant.
C) the marginal utility from the consumption of each unit of the good falls and the total utility from consuming larger quantities increases.
D) the marginal utility from the consumption of each unit of the good and the total utility from consuming larger quantities increase.
C
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If the economy is growing 5% a year and GDP is $1000 billion, the additional revenues available to meet interest payments on the government deficit would be, ceteris paribus,
A) 50. B) 500. C) It depends upon the amount of new debt issued. D) There would be no additional revenues.
In what decades did labor unions gain the most members?
A. The 1910s and 1920s B. The 1930s and 1940s C. The 1950s and 1960s D. The 1970s and 1980s
This graph shows elasticity of demand because the distance between Q1 and Q2 is ______ the distance between P1 and P2.
a. greater than
b. less than
c. the same as
d. irrelevant to
Of the following high-income countries, which has the lowest number of MRI units per 1 million population?
A) Canada B) Japan C) the United Kingdom D) the United States