Solved

Suppose That a Consumer Is at an Optimum Consuming a and B

Question 78

Multiple Choice

Suppose that a consumer is at an optimum consuming A and B. If the price of A falls, then to get to a new equilibrium the consumer must

A) purchase less A and more B.
B) purchase less B and less A.
C) purchase more A.
D) purchase more B.

Related Questions

Q73: If the price of tea rises relative

Q74: On a hot summer day, a construction

Q75: The tendency of people to substitute cheaper

Q76: When marginal utility is negative, total utility<br>A)

Q77: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5018/.jpg" alt=" -Use the above

Q79: An increase in income will<br>A) shift the

Q80: With a given level of money income,

Q81: When the price of a good that

Q82: The real-income effect is typically small because<br>A)

Q83: Let the quantity of hamburgers be measured