Steve is in a consumer equilibrium. Then, the price of steak increases from $6 a pound to $8 a pound. Steve decreases the number of pounds of steaks he buys each week ________
A) and decreases his total utility
B) only if his income also decreases
C) so that the marginal utility per dollar spent on steaks is the same as it was when the price was $6 a pound
D) so that both his total utility and his marginal utility from steak fall
A
Economics
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