1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Georgia [21]
2 years ago
10

According to rational consumer choice, what will happen to the optimal quantity of consumption for a good if the price increases

?
a) it will increase along with the total utility
b) it will decrease
c) it will increase
d) it will be unaffected
e) insufficient data to determine
Advanced Placement (AP)
1 answer:
Misha Larkins [42]2 years ago
6 0

According to rational consumer choice, the thing that will happen to the optimal quantity of consumption for a good if the price increases is that option c: it will increase.

<h3>What will occur if in response to a fall in its price a consumer buys more of a good?</h3>

The income effect is known to often take place if a reduction in the price of a good tends to increases consumer's real income.

This is known to often making them have the ability to buy more or  to purchase all of the  goods, so the quantity demanded is known to often increases.

Therefore, According to rational consumer choice, the thing that will happen to the optimal quantity of consumption for a good if the price increases is that option c: it will increase.

Learn more about consumer choice from

brainly.com/question/28018745

#SPJ1

You might be interested in
Which elements of an MLA citation appear in italics? Check all that apply.
kolezko [41]

Answer:

book titles

magazine titles

newspaper titles

website names

Explanation:

4 0
3 years ago
Drivers must always yield to emergency vehicles traveling
seraphim [82]
Yes if they have there sirens on that is
4 0
4 years ago
Read 2 more answers
What new opportunities and risks did industrialization bring, and how did it reshape American society?
mel-nik [20]
 The 1892 lockout of workers at the Homestead,Pennsylvania, steel mill after Andrew Carnegie refused to renew the unioncontract. Union supporters attacked the guards hired to close them out and protectstrikebreakers who had been employed by the mill, but the National Guard soonsuppressed this resistance and Homestead, like other steel plants, became a non-<span>union mill</span>
6 0
4 years ago
A soccer team plays 104 tournaments in 2 years.......
Usimov [2.4K]
They lost 174 in both years
The number of games lost is greater than the number of games won.

4 0
4 years ago
What are the three types of particles in an atom
Andreyy89
Protons, neutrons, and electrons
5 0
4 years ago
Read 2 more answers
Other questions:
  • The paper money and coins- sometimes called "cash"- that make up the money supply of a nation.
    6·2 answers
  • Short poem multiple choice
    14·2 answers
  • What are the main ideas of enlightenment?​
    5·1 answer
  • Two ice skaters stand next to each other on a frozen pond. The first skater has a mass of 65 kg and the second skater has a mass
    15·1 answer
  • Can someone please help me?
    8·2 answers
  • Pls help asap this is for ap calc ab
    5·1 answer
  • The table above gives values of f, f’, g, and g’ at selected values of x. If h(x) = f(g(x)), then h’(1) =
    9·2 answers
  • _________ exacerbates the effects of global climate change by eliminating an essential carbon sink.
    7·1 answer
  • Reports produced by the United Nations are considered
    13·1 answer
  • The gym teacher of a large high school wants to estimate the mean number of pushups students at this school can do in one minute
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!