Smedley, a Careful Utility Maximizer, Consumes Peanut Butter and Ice

Multiple Choice

Smedley, a careful utility maximizer, consumes peanut butter and ice cream. Assume that both peanut butter and ice cream are normal goods. He had just achieved the utility-maximizing solution in his consumption of the two goods when the price of ice cream increased. As he adjusted to this event, he consumed _____ peanut butter and _____ ice cream.

A) more; more
B) less; less
C) more; less
D) less; more