Marginal Utility Theory Predicts That as the Price of Coffee

question 360

Multiple Choice

Marginal utility theory predicts that as the price of coffee rises, the ________ a substitute for coffee ________ and the ________ coffee ________.

• A) supply of; increases; demand for; decreases
• B) supply of; decreases; supply of; increases
• C) demand for; increases; quantity demanded of; decreases
• D) demand for; decreases; demand for; increases

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Definitions:

Alcohols

Organic compounds containing one or more hydroxyl (-OH) groups attached to a carbon atom.

Alcohol Congeners

Chemical compounds that occur naturally in alcoholic beverages alongside ethanol, contributing to their taste, aroma, and physiological effects.

1-butanol

An organic compound, also known as butyl alcohol, a four-carbon straight-chain alcohol with the chemical formula C4H9OH, used as a solvent and in the manufacture of other chemicals.

Structural Formula

A graphical representation showing the arrangement of atoms within a molecule, indicating how they are connected.