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WAEC Economics 2025 Question 20

Question 20

Theory of Demand

A rational consumer of a normal good, ceteris paribus, will do the following except

  1. A.buying more as income rises.
  2. B.ensuring marginal utility is equal to its price.
  3. C.buying more at a higher price.
  4. D.maximizing his satisfaction.
Show the answer and explanation

Answer: C (buying more at a higher price.)

Explanation

For a normal good, a rational consumer buys less, not more, when the price rises.