b. Positively sloped c. U-shaped. d. Flat v bos alavel Ismtco x is normal for both consumers. a. Paul consumes more of good x than Sara; b. Sara consumes more of good x than Paul; c. Paul's consumption of good x decreases when the price of good y increases. d. Paul's consumption of good y decreases when the price of good y increases 9. Paul considers goods 1 and 2 as perfect complements. Suppose prices and income change, with the price of good 1 increasing proportionately more than the price of good 2. After changing his optimal choice of consumption, he obtains the same level of utility as before. a. Paul's consumption of both commodities does not change; b. Paul consumes more of good 1 than before, and less of good 2 than before; c. Paul consumes more of good 2 than before, and less of good 1 than before; d. Paul consumes more of good 1 than before. yswls liw 19muz
b. Positively sloped c. U-shaped. d. Flat v bos alavel Ismtco x is normal for both consumers. a. Paul consumes more of good x than Sara; b. Sara consumes more of good x than Paul; c. Paul's consumption of good x decreases when the price of good y increases. d. Paul's consumption of good y decreases when the price of good y increases 9. Paul considers goods 1 and 2 as perfect complements. Suppose prices and income change, with the price of good 1 increasing proportionately more than the price of good 2. After changing his optimal choice of consumption, he obtains the same level of utility as before. a. Paul's consumption of both commodities does not change; b. Paul consumes more of good 1 than before, and less of good 2 than before; c. Paul consumes more of good 2 than before, and less of good 1 than before; d. Paul consumes more of good 1 than before. yswls liw 19muz
Chapter10: Consumer Choice Theory
Section: Chapter Questions
Problem 8P
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