Jill Smith, a Careful Maximizer of Utility, Consumes Only Two

Multiple Choice

Jill Smith, a careful maximizer of utility, consumes only two goods, peanut butter and ice cream.She had just achieved the utility-maximizing solution in her consumption of the two goods when the price of peanut butter rose.As she adjusts to this event, she will consume:

A) more peanut butter and more ice cream.
B) less peanut butter and less ice cream.
C) more peanut butter and less ice cream.
D) less peanut butter and more ice cream.