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Author Question: Marginal utility analysis predicts a downward-sloping demand curve for good X because (Read 61 times)

petersan

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on: Oct 12, 2022
Marginal utility analysis predicts a downward-sloping demand curve for good X because
◦ all demand curves are downward sloping, regardless of the behaviour of consumers.
◦ as PX falls, the ratio MUX/PX becomes smaller, causing the consumer to purchase more of good X.
◦ utility-maximizing consumers equate marginal utility received for each product consumed.
◦ as PX rises, the consumer increases purchases of X such that MUX/PX is equal to MU/P for all other products.
◦ as PX falls, the consumer increases purchases of X until MUX/PX is equal to MU/P for all other products.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by petersan on Oct 12, 2022

Preeti

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Reply #1 on: Oct 12, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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petersan

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Reply 2 on: Oct 12, 2022
Thanks for the timely response, appreciate it

ricroger

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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