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Figure 21-19 The Following Graph Illustrates a Representative Consumer's Preferences for Marshmallows

Question 167

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Figure 21-19
The following graph illustrates a representative consumer's preferences for marshmallows and chocolate chip cookies:
Figure 21-19 The following graph illustrates a representative consumer's preferences for marshmallows and chocolate chip cookies:    -Refer to Figure 21-19.Assume that the consumer has an income of $100 and currently optimizes at bundle A.When the price of marshmallows decreases to $5,which bundle will the optimizing consumer choose? A)  A B)  B C)  C D)  D
-Refer to Figure 21-19.Assume that the consumer has an income of $100 and currently optimizes at bundle A.When the price of marshmallows decreases to $5,which bundle will the optimizing consumer choose?


A) A
B) B
C) C
D) D

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