John Smedley, a careful utility maximizer, consumes only two goods, peanut butter and broccoli.He had just achieved the utility-maximizing solution in his consumption of the two goods when the price of broccoli increases.As he adjusts to this event, he will consume:
A.more peanut butter and less broccoli.
B.less peanut butter and less broccoli.
C.more peanut butter and more broccoli.
D.less peanut butter and more broccoli.

Question

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The Answer of John Smedley, a careful utility maximizer, consumes only two goods, peanut butter and broccoli.He had just achieved the utility-maximizing solution in his consumption of the two goods when the price of broccoli increases.As he adjusts to this event, he will consume:
A.more peanut butter and less broccoli.
B.less peanut butter and less broccoli.
C.more peanut butter and more broccoli.
D.less peanut butter and more broccoli.

John Smedley, a Careful Utility Maximizer, Consumes Only Two Goods