if-the-price-of-good-a-increases-from-2-to-4-and-the-price-of-good-b-remains-at-

Question

If the price of Good A increases from $2 to $4, and the price of Good B remains at $1, how should a consumer adjust their consumption bundle to maintain optimum consumption?

Accepted Answer

Purchase more of Good B and less of Good A.

Answer

Stop purchasing Good A entirely.

Answer

Purchase more of Good A and less of Good B.

Answer

Purchase equal amounts of both goods.

If the price of Good A increases from \$2 to \$4, and the price of Good B remains at \$1, how should a consumer adjust their consumption bundle to maintain optimum consumption?