Multiple Choice
The price of wine has risen from $7 to $9 per bottle and the price of cheese has fallen from $6 to $5 per pound,while Anne's income has stayed fixed at $46 per week.Since the price changes,Anne has been buying 4 bottles of wine and 2 pounds of cheese per week.We can conclude that
A) Anne is indifferent about the price changes.
B) Anne is worse off after the price changes.
C) Anne is better off after the price changes.
D) Anne may be worse off,better off,or indifferent after the price changes.
Correct Answer:
Verified
Correct Answer:
Verified
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