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. In an attempt to make life more affordable for families, the government sets a price ceiling for a routine denta appointment at $125. Before the government brought in the price ceiling, the market price for a routine dent appointment is $150. What is MOST likely effect of the price ceiling in this market? a. More people will be able to see the dentist, since the price is lower. b. More people will try to make an appointment at the dentist, but there will be fewer appointments available at dentist offices. c. Fewer people will try to make appointments at the dentist, and fewer dentist appointments will be offered by dentists. d. Dentists will decide to work longer hours, but will see fewer people. e. The same number of people will try to make appointments to see the dentist, and the same number of appointments will be offered by dentists. 10. The marginal utility is best described as the change in generated by consuming an additional quantity of a good or service. a. total utility b. price c. marginal cost d. marginal benefit e. total consumption 11. Which statement is true? a. The slope of the budget constraint depends on how much of each good is consumed. b. A budget constraint limits what a consumer can spend at lower incomes, but there is no constraint at higher incomes. c. A budget constraint determines the utility maximizing consumption bundle. d. In consumer choice theory, we assume all goods and services will add utility when consumed. e. Utility maximization is achieved by getting the most utility possible from a given budget constraint