Multiple Choice
Suppose that MUx/Px exceeds MUy/Py. To maximize utility, the consumer who is spending all her money income should buy
A) less of X only if its price rises.
B) more of Y only if its price rises.
C) more of Y and/or less of X.
D) more of X and/or less of Y.
Correct Answer:
Verified
Correct Answer:
Verified
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