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

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 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

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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