Multiple Choice
If Nick consumes only two goods, oranges and plums, and he increases his consumption of oranges, then
A) the price of oranges must have increased
B) Nick's income must have increased
C) plums and oranges must be complements
D) he must reduce his consumption of plums to remain on the same indifference curve
E) Nick's MU/P of oranges will now increase
Correct Answer:

Verified
Correct Answer:
Verified
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