Suppose That the MU/P Ratio for Good X Is the Same

question 147

Multiple Choice

Suppose that the MU/P ratio for good X is the same as for good Y: 12 utils per dollar. If the price of good X then rises to $2 from $1, a consumer who seeks to maintain consumer equilibrium will buy more of good __________ until the marginal utility of that good falls to __________ utils.

• A)Y; 12
• B)Y; 24
• C)X; 12
• D)Y; there is not enough information to answer this part of the question
• E)X; there is not enough information to answer this part of the question

---

Definitions:

Diathesis

A vulnerability or predisposition to developing a particular disorder or condition, often influenced by genetic and environmental factors.

Predisposition

An inherent inclination or susceptibility towards particular conditions or behaviors, often related to genetics or environmental factors.