3. Demand curves slope downward because, other things held equal, LO7.3 a. An increase in a products

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3. Demand curves slope downward because, other things held equal, LO7.3

a. An increase in a product’s price lowers MU.

b. A decrease in a product’s price lowers MU.

c. A decrease in a product’s price raises MU per dollar and makes consumers wish to purchase more units.

d. An increase in a product’s price raises MU per dollar and makes consumers wish to purchase more units.

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Riddhiman Das

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