Question

Question 97:

Maximizing utility is
panibus.
with the law of demand, which states that consumers will buy
of a good as the price of that good falls, ceteris
a. not consistent, more
b. not consistent, less
c. consistent, less
O d. consistent, more

Answer 1

The correct answer is letter "D": consistent, more.

Step-by-step explanation:

Utility is the satisfaction or joy an individual perceives by consuming a determined good or service. Individuals can maximize their utility by purchasing more of a product moreover when the product's price decreases. Therefore, the maximizing utility principle matches the law of demand that states as soon as a price diminishes the quantity demanded increases.