Use the Information Below to Answer the Following Questions

question 58

Multiple Choice

Use the information below to answer the following questions.
Fact 9.3.1
Marc has an income of $20 and spends it on two goods,root beer (measured on the vertical axis) and chips (measured on the horizontal axis) .The price of root beer is $1 a can.The price of chips is $0.50 a bag.Initially,Marc chooses to consume 10 cans of root beer and 20 bags of chips.Then the price of root beer rises to $1.50 per can and the price of chips falls to $0.25 a bag.
-Refer to Fact 9.3.1.When the price of a bag of chips falls,Marc

• A)will consume more beer,more chips,and be better off.
• B)will consume less beer,more chips,and be better off.
• C)will consume less beer,more chips,and be worse off.
• D)will consume less beer,less chips,and be worse off.
• E)will consume more beer,less chips,and be better off.

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Definitions:

Trespass

An unlawful act causing injury to the person, property, or rights of another, particularly entering onto land without the owner's permission.

Adverse Events

Unintended and harmful events associated with the use of a medical intervention such as a drug or surgery.

Medical Devices

Instruments, apparatuses, or machines that are used in medical procedures to diagnose, prevent, or treat disease or other conditions.

Express Contract

A type of contract formed by explicit written or spoken agreements between parties.