Multiple Choice
Suppose a consumer has an income equal to I which he/she spends on either food or clothing. The price of food is given by Pf and the price of clothing is given by Pc. If the consumer spends all of his/her income on clothing, the expression for the number of units of clothing he/she buys is
A) I/Pf
B) I x Pc
C) I/Pc
D) I
Correct Answer:
Verified
Correct Answer:
Verified
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