Multiple Choice
Use the following for questions 61-69.
-(Exhibit: Consumer Equilibrium 1) Assume that the price of good X is $1 per unit and the price of good Y is $2 per unit, and you consume 4 units of good X and 2 units of good Y.To maximize utility, assuming that the goods are divisible, you would consume:
A) less of both X and Y.
B) more of both X and Y.
C) less of X and more of Y.
D) more of X and less of Y.
Correct Answer:

Verified
Correct Answer:
Verified
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