Refer to Figure 18.4. With free trade, how many gloves are produced domestically in Duckland?

John either buys a steak or chicken when dining out. John's marginal utility for steak and chicken is given in the above table

If the price of a steak is $5 and the price of a chicken is $5 and John has $25 to spend on the two goods, what combination of steak and chicken will John consume to maximize his utility? A) 1 steak and 4 chickens B) 3 steaks and 2 chickens C) 4 steaks and 3 chickens D) 5 steaks and 6 chickens

What are two related effects that combine to make a consumer able and willing to buy more of a specific product at a lower price than a higher price? Explain the logic of both effects

Please provide the best answer for the statement.