Suppose That a Consumer Who Spends Her Budget on X

Multiple Choice

Suppose that a consumer who spends her budget on X and Y is initially at equilibrium. If the price of X increases, then the MU/P of X will

A) decrease and the consumer will respond by buying more Y and less X.
B) decrease and the consumer will respond by buying more X and less Y.
C) increase and the consumer will respond by buying more Y and less X.
D) increase and the consumer will respond by buying more X and less Y.