Refer to the Data for a Consumer Whose Income =

Multiple Choice

Refer to the data for a consumer whose income = $8. Suppose the price of new product Z is $2 rather than $1. This consumer would purchase

A) none of Z.
B) some of Z but less than at a price of $1.
C) less of X, Y, and Z than if the price were $1.
D) more of X, Y, and Z than if the price were $1.