Beverly is currently in consumer equilibrium.An increase in her income
A)increases her total utility.
B)decreases her total utility.
C)increases her marginal utility from all goods.
D)decreases her marginal utility from all goods.
E)increases her consumption of all goods.

Question

Quizplus · Accepted Answer

An increase in income allows Beverly to purchase more goods, which increases her total utility as she can consume more of the goods she values.

Beverly Is Currently in Consumer Equilibrium