When a Consumer Shifts Purchases from X to Y, the Marginal

question 114

True/False

When a consumer shifts purchases from X to Y, the marginal utility of X falls and the marginal utility of Y rises.

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Definitions:

Natural Selection

A fundamental mechanism of evolution where organisms better adapted to their environment tend to survive and produce more offspring.

Highly Flexible

Capable of being easily modified to adapt to new conditions or to bend or move without breaking.

Emitting

The act of releasing or sending out something such as light, heat, sound, particles, etc., from a source.

Predators

Animals or organisms that hunt and kill other organisms for food.