If an Individual's Demand Is Elastic and Price Increases, What

question 9

Multiple Choice

If an individual's demand is elastic and price increases, what happens to total utility (TU) , marginal utility (MU) , consumer surplus (CS) , and total expenditure (TE) ?

• A)TU increases, MU decreases, CS decreases, and TE decreases
• B)TU increases, MU increases, CS increases, and TE decreases
• C)TU decreases, MU increases, CS decreases, and TE increases
• D)TU decreases, MU decreases, CS decreases, and TE decreases
• E)TU decreases, MU increases, CS decreases, and TE decreases

---

Definitions:

Psychiatrist

A medical doctor specializing in diagnosing, treating, and preventing mental health disorders, often with the ability to prescribe medication.

Psy.D.

A Doctor of Psychology degree, focusing on clinical practice and less on research compared to a Ph.D.

Aversion Therapy

A behavioral treatment method that involves pairing an undesirable behavior with an unpleasant stimulus to reduce the behavior's occurrence.

ECT

Electroconvulsive Therapy, a psychiatric treatment in which seizures are electrically induced in patients to provide relief from mental disorders.