Madison Has Set Aside $24 for Her Snack Budget This

Multiple Choice

Madison has set aside $24 for her snack budget this month. Her favorite snacks are ice cream and chips. The price of a pint of ice cream is $4 and the price of a bag of chips is $3. She currently consumes three pints of ice cream and four bags of chips each month. If the price of a pint of ice cream drops to $3, the substitution effect predicts that Madison will consume:

A) more ice cream and more chips.
B) equal amounts of ice cream and chips.
C) more ice cream and fewer chips.
D) less ice cream and more chips.