Question

multiple choice question the ipad disrupted consumer equilibrium because spending shifted from alternative products with a(n) ________ marginal - utility - to - price ratio to ipads as a way to increase total utility. higher lower infinite equal

Explanation:

Consumers aim to maximize total utility. They shift spending from products with a lower marginal - utility - to - price ratio to those with a higher one. When spending shifted from alternative products to iPads to increase total utility, it means the alternative products had a lower marginal - utility - to - price ratio.

Answer:

B. lower