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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.
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Answer:
If a technological change results in the firm using more capital, the average fixed cost curve shifts upward and at low levels of output, the average total cost curve may shift upward. At large output levels, average total cost decreases.
Explanation:
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Answer:
Cognitive
Explanation:
I say this because the definition of cognitive is "The way our brain makes connection as we learn concepts in different ways to remember what we have learned. ... Our ability to reason through logic is a prime example of cognition. People do have different ways of reasoning if we think about why people buy certain things when they shop."
