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Figure 21-20 The Following Graph Illustrates a Representative Consumer's Preferences for Marshmallows

Question 232

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Figure 21-20
The following graph illustrates a representative consumer's preferences for marshmallows and chocolate chip cookies: Figure 21-20 The following graph illustrates a representative consumer's preferences for marshmallows and chocolate chip cookies:   -Refer to Figure 21-20. Assume that the consumer has an income of $100 and currently optimizes at bundle A. When the price of marshmallows decreases to $5, which bundle will the optimizing consumer choose? A) A B) B C) C D) D
-Refer to Figure 21-20. Assume that the consumer has an income of $100 and currently optimizes at bundle A. When the price of marshmallows decreases to $5, which bundle will the optimizing consumer choose?


A) A
B) B
C) C
D) D

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