11. 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/P-MU/PP b. MU/P>MUP/PP c. MU/PMU/PP d. we cannot say for certain what will happen to the MU/Pc relative to the MUP /PP.

11. 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/P-MU/PP b. MU/P>MUP/PP c. MU/PMU/PP d. we cannot say for certain what will happen to the MU/Pc relative to the MUP /PP.

Microeconomics A Contemporary Intro

10th Edition

ISBN:9781285635101

Author:MCEACHERN

Publisher:MCEACHERN

Chapter6: Consumer Choice And Demand

Section: Chapter Questions

Problem 6QFR

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