Suppose That a Market Basket of Two Goods Is Changed

question 72

Multiple Choice

Suppose that a market basket of two goods is changed by adding more of one of the goods and subtracting one unit of the other. The consumer will:

• A) rank the market basket more highly after the change.
• B) rank the market basket more highly before the change.
• C) rank the market basket just as desirable as before.
• D) any one of the above statements may be true.