If Income Falls,then in the New Consumer Equilibrium

question 106

Multiple Choice

If income falls,then in the new consumer equilibrium

• A)the marginal utility from normal goods increases.
• B)the marginal utility from normal goods decreases.
• C)the marginal utility from inferior goods increases.
• D)total utility from normal goods increases.
• E)total utility from inferior goods decreases.

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Definitions:

General Damages

General damages refer to a monetary compensation awarded in a lawsuit for non-monetary losses, such as pain and suffering or emotional distress.

Punitive Damages

Monetary compensation awarded to a plaintiff, over and above actual damages, intended to punish a defendant for particularly harmful behavior and deter future similar acts.

Right Eye

Referring to the eye located on the right side of a person's face.

Special Damages

Specific damages that would flow from a breach of contract.