Suppose a consumer is purchasing Coke (c)and pretzels (p)in quantities such that he is achieving consumer equilibrium. Then the price of Coke increases. Which of the following will be true? A)MU_C\P_C = MU_P\P_P B)MU_C\P_C MU_P\P_P C)MU_C\P_C D)We cannot say for certain what will happen to the MU_C\P_C relative to the MU_P\P_P.

Question

Suppose a consumer is purchasing Coke (c)and pretzels (p)in quantities such that he is achieving consumer equilibrium. Then the price of Coke increases. Which of the following will be true? A)MU_C\P_C = MU_P\P_P B)MU_C\P_C > MU_P\P_P C)MU_C\P_C D)We cannot say for certain what will happen to the MU_C\P_C relative to the MU_P\P_P.

Quizplus · Accepted Answer

The Answer of Suppose a consumer is purchasing Coke (c)and pretzels (p)in quantities such that he is achieving consumer equilibrium. Then the price of Coke increases. Which of the following will be true? A)MU_C\P_C = MU_P\P_P B)MU_C\P_C > MU_P\P_P C)MU_C\P_C D)We cannot say for certain what will happen to the MU_C\P_C relative to the MU_P\P_P.

Suppose a Consumer Is Purchasing Coke (C)and Pretzels (P)in Quantities