If the Price of a Good Falls,then in the New

question 113

Multiple Choice

If the price of a good falls,then in the new consumer equilibrium

• A)the marginal utility from consuming the good will be higher than before.
• B)the quantity of the good consumed decreases.
• C)the quantity of substitutes consumed increases.
• D)the marginal utility from substitutes will be lower than before the fall in price.
• E)none of the above

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Definitions:

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Qualified Prospect

An individual or organization that has shown interest in a product or service and meets certain criteria making them more likely to make a purchase.

Prospect

A potential customer or client who has been identified as fitting a target market or demographic for a product or service.

Qualified Prospect

A potential customer who has been evaluated and determined to meet certain criteria, making them more likely to purchase the product or service.