Bundle A is the utility maximizing bundle for an individual with an income of y facing a price of p1 for good #1 and a price of p2 for good #2. Which statement could explain the individual's utility maximizing bundle moving to point B: A. The price of good #2 increases and the goods are complements B. The price of good #2 decreases and the goods are substitutes C. The price of good #1 decreases and the goods are complements D. The price of good #1 increases and the goods are substitutes

Principles of Microeconomics (MindTap Course List)
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Author:N. Gregory Mankiw
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Chapter21: The Theory Of Consumer Choice
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Bundle A is the utility maximizing bundle for an individual with an income of y facing a price of p1 for good #1 and a price of p2 for good #2. Which statement could explain the individual's utility maximizing bundle moving to point B:

A. The price of good #2 increases and the goods are complements

B. The price of good #2 decreases and the goods are substitutes

C. The price of good #1 decreases and the goods are complements

D. The price of good #1 increases and the goods are substitutes

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