Multiple Choice
Lucy buys only magazines and CDs. Both are normal goods. Lucy's income decreases, but the prices of magazines and CDs do not change. Marginal utility theory predicts that Lucy will
A) buy fewer magazines and fewer CDs.
B) substitute magazines for CDs.
C) increase her marginal utility from both magazines and CDs by buying more magazines and CDs.
D) buy more magazines and more CDs.
Correct Answer:
Verified
Correct Answer:
Verified
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