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Initially, a Consumer Is at an Optimum

Question 10

Multiple Choice

Initially, a consumer is at an optimum. Then the price of Y decreases. Consequently

A) MUX/PX < MUY/PY.
B) MUX/PX > MUY/PY.
C) MUX/PX = MUY/PY.
D) MUX > MUY.

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