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16 Dec 2017
16. Assume consumers view cherries and apples as substitutes. If the price of cherries rises, the consumer will buy a fewer apples, thus increasing her marginal utility from apples. b. more apples, thus increasing her marginal utility from apples. c. less cherries, thus reducing her marginal utility from cherries. d. less cherries, thus increasing her marginal utility from cherries. e. b and c.
16. Assume consumers view cherries and apples as substitutes. If the price of cherries rises, the consumer will buy a fewer apples, thus increasing her marginal utility from apples. b. more apples, thus increasing her marginal utility from apples. c. less cherries, thus reducing her marginal utility from cherries. d. less cherries, thus increasing her marginal utility from cherries. e. b and c.
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