THE DECISION TO CONSUME MORE OF ONE PRODUCT UNDER NORMAL CIRCUMSTANCES WILL APPLY

• A. less of another product will be consumed ✓
• B. more of another product will be consumed
• C. less of the product will be consumed
• D. no other products will be consumed

The answer to the question is: A. less of another product will be consumed

The decision to consume more of one product under normal circumstances will generally result in the consumption of less of another product. This is due to the concept of opportunity cost, which refers to the benefits that could have been gained from an alternative use of the same resources. When an individual or a society chooses to allocate resources to consume more of one product, they forgo the opportunity to use those resources to consume other products. As a result, the decision to increase consumption of one product typically leads to a decrease in the consumption of another product.

When consumers make choices about what goods and services to purchase, they are constrained by their income and the prices of the goods and services available to them. Given these constraints, an increase in the consumption of one product usually means that there are fewer resources available to allocate towards the consumption of other products. This trade-off is a fundamental principle in economics and is reflected in the concept of the production possibilities frontier, which illustrates the potential trade-offs between different goods and services that an economy can produce with its limited resources.

In summary, when individuals or societies decide to consume more of one product, it generally results in the consumption of less of another product due to the concept of opportunity cost and the constraints imposed by limited resources.