If the Price of Good a Falls,it Will

question 118

Multiple Choice

If the price of good A falls,it will:

• A) increase a consumer's total utility from the consumption of that good.
• B) increase a consumer's marginal utility from consuming the last unit of that good.
• C) decrease a consumer's marginal utility from consuming the last unit of that good.
• D) do both (a) and (c).

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Definitions:

Blood Vessels

Tubes in the body through which blood circulates, including arteries, veins, and capillaries.

Circular Disk

A flat, round geometric shape or object that has a circular boundary.

Iris

The colored part of the eye surrounding the pupil, responsible for controlling the diameter of the pupil and thus the amount of light reaching the retina.

Taste Receptors

Specialized sensory cells located on the tongue and other parts of the mouth that detect the five basic taste sensations: sweet, sour, salty, bitter, and umami.