If a consumer is at an optimum, consuming X and Y, and the price of Y decreases, then to get to a new equilibrium the consumer must
A) purchase less X.
B) purchase less Y.
C) purchase more X.
D) purchase more of both X and Y.

Question

Quizplus · Accepted Answer

The Answer of If a consumer is at an optimum, consuming X and Y, and the price of Y decreases, then to get to a new equilibrium the consumer must
A) purchase less X.
B) purchase less Y.
C) purchase more X.
D) purchase more of both X and Y.

If a Consumer Is at an Optimum, Consuming X and Y