Multiple Choice
Smedley, a careful utility maximizer, consumes peanut butter and broccoli. Assume that both peanut butter and broccoli are normal goods. He had just achieved the utility-maximizing solution in his consumption of the two goods when the price of broccoli increased. As he adjusted to this event, he consumed _____ peanut butter and _____ broccoli.
A) more; less
B) less; less
C) more; more
D) less; more
Correct Answer:

Verified
Correct Answer:
Verified
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