If a Consumer Is Initially at an Optimum,and Then the Price

question 413

Multiple Choice

If a consumer is initially at an optimum,and then the price of Y increases,then

• A) \(MU _ { X }\) /
• \(\mathrm { P } _ { \mathrm { X } }\) <
• \(MU _ { Y }\) /
• \(P _ { Y }\) .
• B) \(MU _ { X }\) /
• \(\mathrm { P } _ { \mathrm { X } }\) >
• \(MU _ { Y }\) /
• \(P _ { Y }\) .
• C) \(MU _ { X }\) /
• \(\mathrm { P } _ { \mathrm { X } }\) =
• \(MU _ { Y }\) /
• \(P _ { Y }\) .
• D) \(MU _ { X }\) /
• \(MU _ { Y }\) >
• \(P _ { Y }\) /
• \(\mathrm { P } _ { \mathrm { X } }\) .

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Definitions:

Quinces

A yellow fruit that is similar to a pear in shape and is often used in cooking or making preserves due to its tart flavor.

Kumquats

Small, edible fruit resembling oranges with a sweet rind and tart flesh, often eaten whole or used in culinary dishes.

Bushel

A unit of volume that is used for measuring quantities of agricultural produce, such as grains.

Consumption

The use of goods and services by households or individuals, encompassing necessities and luxury items.