101 Quiz 4 - Question 1 Marks 1 As a consumer eats more...

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Question 1 Marks: 1 As a consumer eats more candy bars, for example, the consumer's total satisfaction decreases, according to the law of diminishing marginal utility. Choose one answer. a. True b. False Incorrect Marks for this submission: 0/1. Question 2 Marks: 1 If demand is inelastic, then: Choose one answer. Correct Marks for this submission: 1/1. Question 3 Marks: 1 Suppose the price elasticity of demand for natural gas is 0.60. If the price of natural gas increases by 10 percent, then the quantity demanded of natural gas should, ceteris paribus : Choose one answer. Correct Marks for this submission: 1/1.
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