Which of the Following Statements Is Correct

question 44

Multiple Choice

Which of the following statements is correct?

• A)The "law" of diminishing marginal utility implies that demand curves slope upward and to the right.
• B)If the price of a good falls, the utility-maximizing consumer will assure that marginal utility rises.
• C)If the price of a good falls, the consumer will purchase more of the good in order to maximize total utility.
• D)MU and demand have different underlying consumer behavior assumptions.

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