A Decrease in the Price of a Good Causes

question 392

Multiple Choice

A decrease in the price of a good causes

• A) the utility of the good to decrease.
• B) the marginal utility of the good to decrease.
• C) purchasing power of a person's income to increase.
• D) the nominal wealth of a person to increase.

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Definitions:

Cognitive Decline

A reduction in cognitive abilities, such as memory and decision-making, that may occur with aging or neurological conditions.

Hip Fractures

Breaks in the upper part of the femur (thigh bone) near the hip joint, often resulting from falls and mostly affecting older adults.

Older Adults

Individuals who have reached an advanced stage of life, often defined as ages 65 and older, experiencing various physical, social, and cognitive changes.

Falls Prevention

Strategies and actions aimed at reducing the risk and incidence of falls, particularly among elderly populations.