In Figure 7.5 on page 150, suppose the price of movies increases from $3 to $6. The

Question:

In Figure 7.5 on page 150, suppose the price of movies increases from $3 to $6. The increase in price shifts the benefit curve (marginal utility per dollar) for movies ________ (upward/downward). For the initial quantity of six movies, the marginal utility per dollar becomes ________ utils, which is ________ (greater/less) than the marginal utility per dollar of books.

Figure 7.5

Utils 18 12 MU per $: Price = $2 MU per $: Price = $3 6 Movies Utils 12 MU per $: Price = $1 b 9 Books