If the price of a good increases,everything else remaining the same,then the consumer's total utility
A)decreases.
B)increases.
C)decreases if the good has no substitutes and remains the same if the good has at least one substitute.
D)increases if the good has no substitutes and remains the same if the good has at least one substitute.
E)remains the same.

Question

Quizplus · Accepted Answer

When the price of a good increases, the consumer will be able to purchase less of that good with their budget. This will result in a decrease in the total utility that the consumer receives, as they are consuming less of the good that they previously enjoyed.

If the Price of a Good Increases,everything Else Remaining the Same,then