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vThe fact that an ounce of gold is priced higher than an ounce of chocolate suggests that Multiple Choice the total utility of gold purchased

vThe fact that an ounce of gold is priced higher than an ounce of chocolate suggests that Multiple Choice the total utility of gold purchased is greater than the total utility of chocolate consumed. the marginal utility of the last unit of gold consumed or purchased is greater than the marginal utility of the last unit of chocolate consumed. there are many substitutes for chocolate but few for gold. gold is a normal good, while chocolate is an inferior good

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