Suppose That the MU/P Ratio for Good X Is the Same

Multiple Choice

Suppose that the MU/P ratio for good X is the same as for good Y: 12 utils per dollar. If the price of good X then rises to $2 from $1, a consumer who seeks to maintain consumer equilibrium will buy more of good __________ until the marginal utility of that good falls to __________ utils.

A) Y; 12
B) Y; 24
C) X; 12
D) Y; there is not enough information to answer this part of the question
E) X; there is not enough information to answer this part of the question