If a coconut is a normal good and the price of coconuts increases, then the movement that would take place in the model could be
1 answer:
If a coconut is a normal good and the price of coconuts increases, then the movement that would take place in the model could be B to A.
<h3>What happens when prices rise?</h3><h3 />For Normal goods, a rise in prices would mean a fall in the quantity demanded. This is shown by the demand curve which shows the relationship between the quantity demanded and price.
When there is a price change, the movement will be along the demand curve which means that the demand curve would see a movement from Point B to Point A for coconuts.
Find out more on price changes and the demand curve at brainly.com/question/1139186
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Answer:
third
Explanation:
The utility for consuming the first donut is 9 utils.
The utility for consuming the second donut is the difference from the total utility for the first two and just the first donut.
The utility for consuming the third donut is the difference from the total utility for the first three and just the first two donuts.
The utility for consuming the fourth donut is the difference from the total utility for the first four and just the first three donuts.
Since the utility for the 4th donut is less than the utility for the 3rd donut, utility begins to diminish after consuming the third donut.