Kaplan book P. 54
Question: Which of the following statements is least accurate with respect to utility theory ? Utility…
A. is an ordinal measure of a consumer’s level of satisfaction
B. theory demonstrates that quantity demanded decreases as price increases
C. theory assumes that consumers can consistently rank all possible combinations of goods
B. Utility theory is consistent with the existence of a Griffen good, one for which a price increase results in a decrease in consumption
To me, the answer just enforces that B is accurate. Can somebody further explain why this is not the case. If price increases, demand decreases seems to be the same as if price increases consumption decreases.