Harold Can Consume Apples and Oranges

question 89

Multiple Choice

Harold can consume apples and oranges.He likes them equally well and currently is in consumer equilibrium.Then the price of oranges rises,while his income remains the same.What will happen to his consumption?

• A)consumption of oranges increases;consumption of apples decreases
• B)consumption of oranges increases;consumption of apples increases
• C)consumption of oranges decreases;consumption of apples decreases
• D)consumption of oranges decreases;consumption of apples increases
• E)consumption of oranges decreases;consumption of apples could either increase or decrease

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Definitions:

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A group of individuals elected to represent shareholders and oversee the major decisions and policies of a company.

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The use of internet-based social media platforms to stay connected with friends, family, or colleagues, and to share information, ideas, and personal messages.

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The process of proving oneself to be reliable, trustworthy, and competent in a particular field or subject matter.

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The art of effectively communicating to an audience through speech, often for the purpose of informing, persuading, or entertaining.