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According to the concept of diminishing marginal utility, consumers will purchase more of a good when the price falls because Group of answer choices substitutes

According to the concept of diminishing marginal utility, consumers will purchase more of a good when the price falls because

Group of answer choices

substitutes are relatively more expensive.

the marginal benefit of additional units of the good now outweigh the marginal cost.

the good is now perceived as having higher quality.

consumers’ real income has increased.

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