Multiple Choice
Suppose a consumer is purchasing Coke and pretzels in quantities such that she is achieving consumer equilibrium. Then the price of Coke decreases. The consumer will likely __________ her consumption of Coke and the marginal utility of Coke will __________ while the total utility from Coke will __________.
A) increase; increase; increase
B) increase; decrease; decrease
C) increase; decrease; increase
D) decrease; increase; increase
E) decrease; decrease; decrease
Correct Answer:
Verified
Correct Answer:
Verified
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