Emma consumes only hot dogs and hamburgers. She is at her consumer equilibrium. Hot dogs and hamburgers have the same marginal utility. Thus
A) her total utility from all the hot dogs eaten must be the same as her total utility from all the hamburgers eaten.
B) the price of a hot dog and the price of a hamburger must be the same.
C) she must be eating the same number of hot dogs and hamburgers.
D) Both answers B and C are correct.
B
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A) decrease; increase B) decrease; decrease C) increase; decrease D) increase; increase
A hyperinflation occurs when
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