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An Individual Buys More of a Good at Lower Prices

Question 70

Multiple Choice

An individual buys more of a good at lower prices than at higher prices because


A) at lower prices, total utility is greater than price.
B) at lower prices, marginal benefit is greater than price over a greater quantity of the good than at higher prices.
C) at lower prices, marginal utility is greater than price over a greater quantity of the good than at higher prices.
D) marginal benefit increases.
E) marginal benefit falls more slowly than price.

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