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If a Consumer Is Initially at an Optimum,and Then the Price

Question 413

Multiple Choice

If a consumer is initially at an optimum,and then the price of Y increases,then


A) MUXMU _ { X } /
PX\mathrm { P } _ { \mathrm { X } } <
MUYMU _ { Y } /
PYP _ { Y } .
B) MUXMU _ { X } /
PX\mathrm { P } _ { \mathrm { X } } >
MUYMU _ { Y } /
PYP _ { Y } .
C) MUXMU _ { X } /
PX\mathrm { P } _ { \mathrm { X } } =
MUYMU _ { Y } /
PYP _ { Y } .
D) MUXMU _ { X } /
MUYMU _ { Y } >
PYP _ { Y } /
PX\mathrm { P } _ { \mathrm { X } } .

Correct Answer:

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