According to the concept of diminishing marginal utility, consumers will purchase more of a good when the price falls because
A) substitutes are relatively more expensive.
B) consumers' real income has increased.
C) the marginal benefit of additional units of the good now outweigh the marginal cost.
D) the good is now perceived as having higher quality.
Correct Answer:
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A) steeper
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A) reflects upsloping demand and downsloping
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