When the Price of Milk Rises, There Is No Change

question 88

Multiple Choice

When the price of milk rises, there is no change in the amount of dog food purchased. This is an example of:

• A) indifference trade-off between the two goods.
• B) the interaction between two correlated goods.
• C) two items that are uncorrelated.
• D) the value people place on dogs versus milk.

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