Economy, asked by Ruts2806, 8 months ago

how will you as a consumer react to the situation when PX Falls and your state of equilibrium is disturbed for consumption of good X

Answers

Answered by Anonymous
6

Explanation:

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Answered by Anonymous
4

Answer:

Hii dear

here is your answer

Explanation:

We know, according to the Law of Diminishing Marginal Utility, if consumer will consume more and more units of Good X at succession, then marginal utility MU X derived from the consumption of each additional unit of the good will fall. ... In short, as P X falls , the consumer will purchase more amount of Good X .

I hope it's helpful

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