Harold Can Consume Apples and Oranges

question 91

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:

Defective Condition

A state of imperfection or malfunctioning in a product that may pose a risk to users or fail to meet specified standards.

Cause of Action

A legal right or claim that allows an individual to bring a lawsuit against another party.

Expensive Computer

High-cost computing device typically offering advanced capabilities and specifications.

Lease Assignment

The transfer of lease rights and obligations from the original tenant to another party.