
Consider a downward-sloping demand curve.When the price of a normal good increases, the income and substitution effects
A) work in the same direction to increase quantity demanded.
B) work in the same direction to decrease quantity demanded.
C) work in opposite directions and quantity demanded increases.
D) work in opposite directions and quantity demanded decreases.
Correct Answer:
Verified
Q42: Marginal utility is
A)the change in total utility
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