if-a-consumers-income-increases-from-10-to-15-how-does-this-affect-their-optimum

Question

If a consumer's income increases from $10 to $15, how does this affect their optimum consumption choice between two goods with equal marginal utility per dollar?

Accepted Answer

The consumer will purchase more of both goods.

Answer

The consumer's choice remains unchanged.

Answer

The consumer will purchase less of both goods.

Answer

The consumer will only purchase more of the cheaper good.

If a consumer's income increases from \$10 to \$15, how does this affect their optimum consumption choice between two goods with equal marginal utility per dollar?