As a consumer's income decreases, how does marginal utility theory predict that the consumer's buying plans will change?

Question

Accepted Answer

The consumer's demand for each normal good in the consumer's budget decreases.

Answer

The marginal utility per dollar of each good in the consumer's budget decreases as the consumer moves down the demand curves.

Answer

The quantity demanded of each good decreases, but demand for each good doesn't change.

Answer

The quantity demanded of each good in the consumer's budget moves along the demand curves.

Answer

The consumer's demand for each good in the consumer's budget decreases.

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