Ron Starts Out in Consumer Equilibrium, Consuming Two Goods, X

Multiple Choice

Ron starts out in consumer equilibrium, consuming two goods, X and Y. The price of Y rises. Immediately after the rise in price

A) MUX/PX > MUY/PY, and then Ron increases his consumption of Y.
B) MUX/PX > MUY/PY, and then Ron decreases his consumption of Y.
C) MUX/PX < MUY/PY, and then Ron increases his consumption of Y.
D) MUX/PX < MUY/PY, and then Ron decreases his consumption of Y.
E) MUX/PX > MUY/PY, and then Ron increases his consumption of X and Y.