Post a New Question


posted by .

1.Diminishing marginal utility refers to the fact that
a. demand declines as income falls.
b. additional satisfaction declines as additional units of an item are consumed.
c. people have unlimited needs.
d. in equilibrium, supply equals demand.

2. Generally, the more substitutes there are for a good, the
a. more elastic the demand. c. more complements there are.
b. less valuable it is. d. less prices change.
1.A 2 A.

Answer This Question

First Name:
School Subject:

Related Questions

More Related Questions

Post a New Question