Multiple Choice
The table shows the marginal-utility schedules for goods A and B for a hypothetical consumer. The price of good A is $1, and the price of good B is $2. The income of the consumer is $8. If the price of A decreases, while the price of B and the consumer's income stay the same, we would expect
A) MU/P of A to increase, and the consumer will thus buy less of B.
B) MU/P of A to increase, and the consumer will thus buy less of A.
C) MU/P of A to decrease, and the consumer will thus buy less of B.
D) MU/P of A to decrease, and the consumer will thus buy less of A.
Correct Answer:

Verified
Correct Answer:
Verified
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