Given the Utility-Optimizing Rule and the Presence of Diminishing Marginal

question 300

Multiple Choice

Given the utility-optimizing rule and the presence of diminishing marginal utility for a good

• A) the demand curve for the good will be vertical.
• B) there will not be a well-defined demand curve.
• C) there will not be a substitution effect.
• D) the demand curve for the good will be negatively sloped.

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