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() poss This question: 1 point(s) p Explain how a downward-sloping demand curve results from consumers adjusting their consumption choices to changes in price. A.
() poss This question: 1 point(s) p Explain how a downward-sloping demand curve results from consumers adjusting their consumption choices to changes in price. A. When the price of a good declines, the marginal rate of substitution changes, leading consumers to buy more of that good. O B. When the price of a good rises, the ratio of the marginal utility to price falls, leading consumers to buy less of that good. O C. When the price of a good declines, this causes positive substitution and income effects, leading consumers to buy more of that good. O D. When the price of a good rises, this causes a negative income effect that is larger in absolute value than a corresponding positive substitution good. O E. When the price of a good rises, the budget constraint shifts outward, leading consumers to buy less of that good
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