Multiple Choice
Suppose a utility-maximizing person consumes only two goods,hamburgers and milkshakes.Suppose the price of milkshakes rises and all other variables remain constant.As a result,this person will certainly
A) purchase more milkshakes and fewer hamburgers.
B) reduce his/her consumption of both milkshakes and hamburgers.
C) consume more hamburgers and the same amount of milkshakes.
D) not increase his consumption of both milkshakes and hamburgers.
E) increase his/her consumption of milkshakes.
Correct Answer:

Verified
Correct Answer:
Verified
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