Multiple Choice
A consumer consumes two normal goods,pretzels and Mt.Dew.The price of pretzels rises.The income effect,by itself,suggests that the consumer will consume
A) more pretzels and more Mt.Dews.
B) fewer pretzels and fewer Mt.Dews.
C) more pretzels and fewer Mt.Dews.
D) fewer pretzels and more Mt.Dews.
Correct Answer:
Verified
Correct Answer:
Verified
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