Suppose a Consumer Has an Income Equal to I Which

question 57

Multiple Choice

Suppose a consumer has an income equal to I which he/she spends on either food or clothing.The price of food is given by P_f and the price of clothing is given by P_c.If the consumer spends all of his/her income on clothing,the expression for the number of units of clothing he/she buys is

• A) I/P_f.
• B) I x P_c
• C) I/P_f
• D) I

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