Anthony Has Set Aside $120 Each Month for His Favorite

Multiple Choice

Anthony has set aside $120 each month for his favorite activities-buying records and going to concerts. The price of a record is $10, and the price of a concert ticket is $30. He currently consumes three records and three concerts each month. If the price of a concert increases to $40, the substitution effect predicts that Anthony will consume:

A) more records and concerts.
B) fewer records and concerts.
C) more records and fewer concerts.
D) fewer records and more concerts.