If the Price of a Good Decreases,the Marginal Utility Per

question 10

Multiple Choice

If the price of a good decreases,the marginal utility per dollar spent ________ and consumers buy ________ of the good.

• A) remains the same; more
• B) remains the same; less
• C) decreases; more
• D) increases; less
• E) increases; more

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Definitions:

Object Permanence

The understanding that objects continue to exist even when they cannot be seen, heard, or touched, a key concept in cognitive development.

Memory in Infants

The cognitive process by which infants store, retain, and recall information and experiences.

Object Permanence

The understanding that objects continue to exist even when they cannot be observed (seen, heard, touched, smelled, or sensed in any way).

Habituation

The process by which an organism becomes accustomed to a repetitive stimulus, leading to a decrease in response over time.