Multiple Choice
Suppose a person's utility is only a function of their consumption of diet soda and they do not care which brand,Diet Coke (DC) or Diet Pepsi (DP) they consume.Suppose further that .If PDC rises but it remains less than PDP then the consumption of DC
A) Falls from a positive amount to zero
B) Falls from a positive amount to another positive amount.
C) rises.
D) stays at zero.
Correct Answer:
Verified
Correct Answer:
Verified
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