Multiple Choice
The table below shows the quantities of toffee bars and bags of cashews that a consumer could consume over a 1- week period. TABLE 6- 1
-Suppose a utility- maximizing person consumes only two goods,hamburgers and milkshakes.Suppose the price of milkshakes rises and all other variables remain constant.As a result,this person will certainly
A) not increase his consumption of both milkshakes and hamburgers.
B) increase his/her consumption of milkshakes.
C) purchase more milkshakes and fewer hamburgers.
D) consume more hamburgers and the same amount of milkshakes.
E) reduce his/her consumption of both milkshakes and hamburgers.
Correct Answer:

Verified
Correct Answer:
Verified
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