No matter what the price of a given item of food, a person will eat the same amount of that food. This situation is __________ with the concept of __________.
A)consistent; consumer equilibrium
B)not consistent; consumer equilibrium
C)consistent; maximizing total utility
D)consistent; consumers' surplus
E)none of the above

Question

Quizplus · Accepted Answer

The concept of consumer equilibrium involves adjusting consumption based on the price of goods to maximize utility. If a person eats the same amount regardless of price, this behavior does not align with the principle of consumer equilibrium, where consumption choices are sensitive to changes in price.

No Matter What the Price of a Given Item of Food