Ask Question
9 April, 22:32

A consumer will buy a new product rather than an existing product

A) when the MU/P of the new product is less than the MU/P of the existing product.

B) when the substitution of the new product for the old product increases the consumer's total utility.

C) only if the new product has a lower price than the existing product.

D) only if the MU of the new product exceeds the MU of the existing product.

+3
Answers (1)
  1. 9 April, 23:05
    0
    only if MU of the product exceeds the MU of existing product
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “A consumer will buy a new product rather than an existing product A) when the MU/P of the new product is less than the MU/P of the existing ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers