Changes in Demand

Multiple Choice

Which statement best describes marginal utility?

• Total amount of satisfaction received from a good/service

• Additional satisfaction gained from one more unit of a good/service

• Satisfaction lost when a consumer stops buying a product

• Total amount of money a consumer spends on a good/service

Open Ended

What is one example of something that has good substitute options? What about something that doesn't?

Open Ended

What is an example of something that has a strong complementary good?

What is an example of something that doesn't?