Suppose a Person's Utility Is Only a Function of Their $\mathrm { P } _ { \mathrm { DC } } < \mathrm { P } _ { \mathrm { DP } }$

question 9

Multiple Choice

Suppose a person's utility is only a function of their consumption of diet soda and they do not care which brand,Diet Coke (DC) or Diet Pepsi (DP) they consume.Suppose further that $\mathrm { P } _ { \mathrm { DC } } < \mathrm { P } _ { \mathrm { DP } }$ .If PDC rises to a point where $\mathrm { P } _ { \mathrm { DC } } > \mathrm { P } _ { \mathrm { DP } }$ then the consumption of DC

• A)Falls from a positive amount to zero
• B)Falls from a positive amount to another positive amount.
• C)rises.
• D)stays at zero.

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