When the Price of a Good Rises,the Ratio of the Marginal

question 101

Multiple Choice

When the price of a good rises,the ratio of the marginal utility of that good divided by its price _______ and,as a result,consumers purchase _______of that good.

• A) rises;more
• B) falls;more
• C) rises;less
• D) falls;less
• E) does not change;the same quantity

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Definitions:

Dyad

A two-person social group.

Triad

A three-person social group.

Stable

A condition or situation that is not easily changed or likely to move or fail, maintaining equilibrium or consistency over time.

Émile Durkheim

A French sociologist, one of the founding figures of sociology, known for his studies on social cohesion and the functionalism perspective.