John Smedley, a Careful Maximizer of Utility, Consumes Only Two

Multiple Choice

John Smedley, a careful maximizer of utility, consumes only two goods, peanut butter and broccoli.He had just achieved the utility maximizing solution in his consumption of the two goods when the price of broccoli rose.As he adjusts to this event, he will consume:

A) more peanut butter and less broccoli.
B) less peanut butter and less broccoli.
C) more peanut butter and more broccoli.
D) less peanut butter and more broccoli.