Other things equal, if the marginal utility from successive units of product Y yields to smaller and smaller amounts we would expect that the consumer: Select one: O O A. will buy additional units of Y if its price increases. B. will buy less units of Y if its price decreases. C. will buy additional units of Y if its price falls. D. will not change the units of Y purchased.

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
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Chapter1: Making Economics Decisions
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Other things equal, if the marginal utility from successive units of product Y yields to smaller and smaller amounts of extra satisfaction
we would expect that the consumer:
Select one:
A. will buy additional units of Y if its price increases.
B. will buy less units of Y if its price decreases.
C. will buy additional units of Y if its price falls.
D. will not change the units of Y purchased.
Transcribed Image Text:Other things equal, if the marginal utility from successive units of product Y yields to smaller and smaller amounts of extra satisfaction we would expect that the consumer: Select one: A. will buy additional units of Y if its price increases. B. will buy less units of Y if its price decreases. C. will buy additional units of Y if its price falls. D. will not change the units of Y purchased.
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