As Sally increases her consumption of a good, she experiences ...

[karlynnae]

As Sally increases her consumption of a good, she experiences diminishing marginal utility if her total utility
 
  A) increases at a constant rate.
  B) increases at a decreasing rate.
  C) increases at an increasing rate.
  D) decreases.

Question 2

If a product has very few substitutes, demand elasticity is likely to be
 
  A) 1.
  B) elastic.
  C) infinitely elastic.
  D) inelastic.

[zogaridan]

Answer to Question 1

B

Answer to Question 2

D

[karlynnae]

TYSM

[aruss1303]

Thanks for the timely response, appreciate it