Homework Help: Economic

Posted by Candace on Wednesday, March 31, 2010 at 5:48pm.

1. The principle that states that the more you have of something, the less satisfaction you will get from an
additional unit is the
a. law of demand. c. law of equilibrium.
b. law of diminishing marginal utility. d. price elasticity.
2. Demand for one particular brand of coffee is probably
A.elastic
B.marginal utility
C.inelastic
D.substituties
I think 1.C , 2.D

Economic - Ms. Sue, Wednesday, March 31, 2010 at 5:52pm
I disagree with both of your answers. Please check your text again.
Economic - Candace, Wednesday, March 31, 2010 at 5:54pm
1. B
2. C
Economic - Ms. Sue, Wednesday, March 31, 2010 at 5:58pm
I think your answers are correct now.

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