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Suppose the Price of Pizza Falls to $1 Per Slice

Question 163

Multiple Choice

Suppose the price of pizza falls to $1 per slice. Assuming that Tom's preferences continue to be those shown in the above table, and assuming that MU/P = 3 is still the point at which his consumer optimum is reached, how many slices will Tom now buy?


A) 1 slice
B) 2 slices
C) 3 slices
D) 4 slices

Correct Answer:

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