Figure 21-20 The Following Graph Illustrates a Representative Consumer's Preferences for Marshmallows
Multiple Choice
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
Correct Answer:

Verified
Correct Answer:
Verified
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