Assume That Dusty Has $30 in Income,the Price of a Loaf

question 5

Multiple Choice

Assume that Dusty has $30 in income,the price of a loaf of bread is $1.50,and the price of a jar of peanut butter is $3.
If Dusty's income rises to $45,the rational spending rule would predict that Dusty will buy

• A)more bread and less peanut butter.
• B)more bread and more peanut butter.
• C)less bread and more peanut butter.
• D)more bread and the same amount of peanut butter.

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Definitions:

Home Runs

In baseball, a hit by a batter that allows them to circle all the bases, reaching home safely in one play, usually by hitting the ball over the outfield fence.

American League

One of two leagues making up Major League Baseball (MLB) in the United States and Canada, featuring teams such as the New York Yankees and Boston Red Sox.

Histogram

A graphical representation of data using bars of different heights, where each bar groups numbers into ranges to show the distribution of a dataset.

Mean

The average of a set of numbers, calculated by adding all the numbers together and dividing by the number of numbers.