Because the Height of the Demand Curve Measures the Marginal

question 210

Multiple Choice

Because the height of the demand curve measures the marginal value of the good to consumers, the fact that a demand curve slopes downward to the right illustrates that

• A) as more of a product is consumed, consumers will value additional units less.
• B) as more of a product is consumed, consumers will value additional units more.
• C) the value of additional units of the good is unrelated to the amount consumed.
• D) the cost of production for a good generally rises as more of it is produced.

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