WHICH OF THE FF. IS FALSE ABOUT product relatedness Products are substitutes if an increase in price of one decreases the D for the other, like Beer & gin O Products are complements if an increase in price of one decreases D for the other like Gasoline & cars O Products are independent if a price change for one has no effect on the D for the other O None of the choices Question 16 3 pts WHICH OF THE FF. IS FALSE ABOUT Utility Utility Theory:Buyers choose products that give them the greatest satisfaction or utility. Utility measures the want-satisfying power of a product or service. Marginal utility is the rate at which utility changes as each additional unit of a particular good is consumed. None of the Choices WHICH OF THE FF. IS FALSE ABOUT Price elasticity of demand D OD is elastic when |% change in quantity demanded| 1) OD is inelastic when % change in quantity demanded[ O while 1%change in price.-0 Question 18 WHICH OF THE FF. IS FALSE ?: Llinear demand curves are less elastic at higher prices than at lower prices O unitary elastic at their midpoint, are inelastic at the bottom O None of the Choices