If the price of cantaloupe increases, the marginal utility per dollar of cantaloupe:
A) decreases, so the consumer buys fewer cantaloupes, and the demand curve for cantaloupes slopes downward.
B) increases, so the consumer buys more cantaloupes, and the demand curve for cantaloupes slopes downward.
C) increases, so the consumer buys fewer cantaloupes, and the demand curve for cantaloupes slopes downward.
D) decreases, so the consumer buys fewer cantaloupes, and the demand curve for cantaloupes slopes upward.

Question

Quizplus · Accepted Answer

When the price of cantaloupe increases, the marginal utility per dollar spent on cantaloupe decreases, leading consumers to buy fewer cantaloupes, which is consistent with a downward-sloping demand curve.

If the Price of Cantaloupe Increases, the Marginal Utility Per