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Author Question: In which of the following situations will an individual's purchasing power be unaffected? (Read 58 times)

hgjjghgjh

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on: Oct 12, 2022

Question 1

If total utility from the consumption of some product is decreasing as more units are consumed, then marginal utility must be
◦ positive.
◦ decreasing.
◦ decreasing at an increasing rate.
◦ increasing at a decreasing rate.
◦ negative.

Question 2

In which of the following situations will an individual's purchasing power be unaffected?
◦ All relative prices fall by 15%, and money income falls by 15%.
◦ All absolute prices fall by 15%, and money income falls by 15%.
◦ All absolute prices remain constant, and money income falls by 15%.
◦ All relative prices remain constant, and money income rises by 15%.
◦ All relative prices rise by 15%, and money income falls by 15%.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by hgjjghgjh on Oct 12, 2022

viper01

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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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hgjjghgjh

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Reply 2 on: Oct 12, 2022
YES! Correct, THANKS for helping me on my review

31809pancho

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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