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Suppose a Consumer Is Purchasing Coke (C)and Pretzels (P)in Quantities

Question 22

Multiple Choice

Suppose a consumer is purchasing Coke (c) and pretzels (p) in quantities such that he is achieving consumer equilibrium.Then the price of Coke increases.Which of the following will be true?


A) MUC/PC = MUP/PP
B) MUC/PC > MUP/PP
C) MUC/PC < MUP/PP
D) We cannot say for certain what will happen to the MUC/PC relative to the MUP/PP.

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