Multiple Choice
Suppose a consumer who purchases only two goods is making a utility-maximizing choice and then the price of one of the goods decreases. What will happen?
A) The consumer's purchasing power will increase.
B) The consumer's utility will increase.
C) The consumer's income will increase.
D) both a and b
E) all of the above
Correct Answer:
Verified
Correct Answer:
Verified
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