Marginal Utility Theory Predicts That When Income Increases a

question 215

Multiple Choice

Marginal utility theory predicts that when income increases a

• A) person's total utility will not change.
• B) person might increase the consumption of some normal goods and decrease the consumption of other normal goods.
• C) person's consumption of normal goods will increase.
• D) None of the above answers is correct because marginal utility theory does not address how demand changes in response to changes in income.

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