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Suppose a Person's Utility Is Only a Function of Their

Question 17

Multiple Choice

Suppose a person's utility is only a function of their consumption of diet soda and they do not care which brand,Diet Coke (DC) or Diet Pepsi (DP) they consume.Suppose further that PDC < PDP.If PDC rises to a point where PDC > PDP then the consumption of DC


A) Falls from a positive amount to zero
B) Falls from a positive amount to another positive amount.
C) rises.
D) stays at zero.

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