The slower the marginal utility declines as more of a good is consumed the:
A) greater the elasticity of demand.
B) smaller the elasticity of demand.
C) smaller the opportunity cost of the good.
D) larger the opportunity cost of the good.

Question

Quizplus · Accepted Answer

When marginal utility declines slowly, consumers are willing to consume more even as price changes, indicating greater elasticity of demand.

The Slower the Marginal Utility Declines as More of a Good