If the price of a good rises, then in the new consumer equilibrium all of the following are true except

Question

If the price of a good rises, then in the new consumer equilibrium all of the following are true  except

Answer

the marginal utility from consuming the good will be higher than before the price rise.

Answer

the marginal utility from substitutes will be lower than before the price rise.

Answer

the quantity of substitutes consumed increases.

Answer

the quantity of the good consumed decreases.

Answer

the marginal utility from the good equals its new higher price.

Crowdly