Ben consumes only movies and video games and he is in consumer equilibrium.For Ben,movies and video games are substitutes.
The price of a movie falls which ________ the marginal utility per dollar from movies.
To return to consumer equilibrium,Ben ________ the number of movies he sees and ________ the number of video games he plays.
His marginal utility per dollar for movies ________ and his marginal utility per dollar for video games ________ as he returns to consumer equilibrium.
A)increases;decreases;increases;decreases;increases
B)decreases;increases;decreases;decreases;increases
C)increases;increases;decreases;decreases;increases
D)decreases;decreases;increases;increases;decreases
E)increases;increases;decreases;increases;increases

Question

Quizplus · Accepted Answer

When the price of a movie falls, the marginal utility per dollar from movies increases. To return to consumer equilibrium, Ben increases the number of movies he sees and decreases the number of video games he plays. His marginal utility per dollar for movies decreases and his marginal utility per dollar for video games increases as he returns to consumer equilibrium.

Ben Consumes Only Movies and Video Games and He Is