If the Price of a Good Purchased by a Utility-Maximizing

question 182

Multiple Choice

If the price of a good purchased by a utility-maximizing consumer goes down,all other things remain the same,and the consumer's income is adjusted so that he can just barely attain his previous level of satisfaction,and if the consumer has indifference curves of the usual shape,it will be found that:

• A) more of the good will be purchased than before.
• B) less of the good will be purchased than before.
• C) the same amount of the good will be purchased as before.
• D) the consumer will stop purchasing the good at all.

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