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Suppose a consumer is purchasing Coke (c) and pretzels (p) in quantities such that he is achieving ...

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Suppose a consumer is purchasing Coke (c) and pretzels (p) in quantities such that he is achieving ...

Suppose a consumer is purchasing Coke (c) and pretzels (p) in quantities such that he is achieving consumer equilibrium. Then the price of Coke increases. Which of the following will be true?

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MU_C/P_C = MU_P/P_P

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MU_C/P_C> MU_P/P_P

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MU_C/P_C< MU_P/P_P

▸

We cannot say for certain what will happen to the MU_C/P_C relative to the MU_P/P_P.

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Economics

Edition: 12^th

Author: Arnold

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BrandyBraden Author

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I appreciate what you did here, answered it right Smiling Face with Open Mouth

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Thanks

Lawson1981

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Brilliant ツ

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