Question 97:

Maximizing utility is

panibus.

with the law of demand, which states that consumers will buy

of a good as the price of that good falls, ceteris

a. not consistent, more

b. not consistent, less

c. consistent, less

O d. consistent, more

Question

Business

Piper Valenzuela

9 June, 18:29

Question 97:

Maximizing utility is

panibus.

with the law of demand, which states that consumers will buy

of a good as the price of that good falls, ceteris

a. not consistent, more

b. not consistent, less

c. consistent, less

O d. consistent, more

+1

Answers (1)

Know the Answer?

Mcgee · Answer 1

The correct answer is letter "D": consistent, more.

Explanation:

Utility is the satisfaction or joy an individual perceives by consuming a determined good or service. Individuals can maximize their utility by purchasing more of a product moreover when the product's price decreases. Therefore, the maximizing utility principle matches the law of demand that states as soon as a price diminishes the quantity demanded increases.

Question 97:Maximizing utility ispanibus.with the law of demand, which states that consumers will buyof a good as the price of that good falls, ceterisa. not consistent, moreb. not consistent, lessc. consistent, lessO d. consistent, more

Question 97:

Maximizing utility is

panibus.

with the law of demand, which states that consumers will buy

of a good as the price of that good falls, ceteris

a. not consistent, more

b. not consistent, less

c. consistent, less

O d. consistent, more