An Individual's Demand Curve Slopes Down Because

question 250

Multiple Choice

An individual's demand curve slopes down because

• A) marginal utility falls as price falls.
• B) the value of the marginal utility falls as the price falls.
• C) of the rule that the marginal utility of the last unit must equal the price.
• D) of the law of diminishing marginal utility and the rule of equal marginal utilities per dollar.

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Definitions:

Guppies

Small, colorful, freshwater fish commonly found in tropical aquarium settings and known for their prolific breeding habits.

Killifish

Small, often colorfully marked fish found living in fresh or brackish waters.

Cichlids

A diverse family of freshwater fish known for their vibrant colors and complex behaviors, often found in tropical regions.

Cohort

Group of individuals born during the same interval.