If the Price of a Good Decreases,the Marginal Utility Per

question 10

Multiple Choice

If the price of a good decreases,the marginal utility per dollar spent ________ and consumers buy ________ of the good.

• A) remains the same; more
• B) remains the same; less
• C) decreases; more
• D) increases; less
• E) increases; more

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Definitions:

Stereognosis

Stereognosis is the ability to perceive and recognize the form of an object by touch.

Tactile Discrimination

The ability to perceive and distinguish the details of an object, such as texture or temperature, by touch.

Extinction

In psychology, the process by which a previously learned behavior diminishes or disappears when it is no longer reinforced.

Decreased Consciousness

A reduction in awareness or alertness, which can range from drowsiness to unresponsiveness, and may indicate an underlying medical issue.