Suppose a Utility- Maximizing Person Consumes Only Two Goods, Hamburgers

question 27

Multiple Choice

Suppose a utility- maximizing person consumes only two goods, hamburgers and milkshakes. Suppose the price of milkshakes rises and all other variables remain constant. As a result, this person will certainly

• A) reduce his/her consumption of both milkshakes and hamburgers.
• B) not increase his consumption of both milkshakes and hamburgers.
• C) purchase more milkshakes and fewer hamburgers.
• D) increase his/her consumption of milkshakes.
• E) consume more hamburgers and the same amount of milkshakes.

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