Avner is maximizing total utility by buying sports magazines and protein supplements. For him to buy more sports magazines

A) the price of protein supplements has to fall.
B) the price of sports magazines has to fall.
C) the price of sports magazines has to rise.
D) Since Avner is maximizing his utility, nothing can change the consumption of sports magazines.

Answer: B

Economics

You might also like to view...

Refer to the figure above. In equilibrium, this country consumes at point

A) B. B) C. C) D. D) E.

Economics

Suppose the demand for pork is given by the equation

Q = p-0.5pc0.2 where pc is the price of chicken. Compute the cross-price elasticity of demand for pork

Economics