A Decrease in Price Along the Elastic Segment of a Demand

question 114

Multiple Choice

A decrease in price along the elastic segment of a demand curve will _____

• A)decrease marginal utility and increase total utility.
• B)decrease total utility as well as marginal utility.
• C)increase marginal utility and decrease total utility.
• D)increase total utility as well as marginal utility.
• E)decrease consumer surplus and increase consumer expenditure.

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