Pat Applies the Rational Spending Rule and Purchases 5 Units

Multiple Choice

Pat applies the rational spending rule and purchases 5 units of potato chips and 3 units of lemonade Suppose the price of lemonade increases.One can predict that Pat will

A) cease purchasing lemonade.
B) reduce purchases of lemonade and increase purchases of potato chips.
C) continue to make the same purchases.
D) reduce purchases of potato chips.