Learning Path
Question & Answer1
Understand Question2
Review Options3
Learn Explanation4
Explore TopicChoose the Best Answer
A
Buy more oranges and fewer apples
B
Maintain the same quantity of oranges and apples
C
Buy fewer oranges and more apples
D
Stop buying both fruits entirely
Understanding the Answer
Let's break down why this is correct
Answer
When the price of oranges increases, a consumer should think about how to get the most satisfaction or utility from their money. Since oranges are now more expensive, it might be a good idea to buy fewer oranges or look for other fruits that are cheaper but still tasty. For example, if a consumer used to buy five oranges but now finds them too pricey, they could buy three oranges and add some apples to their shopping list instead. This way, they can still enjoy fruit without spending too much. Ultimately, the goal is to balance their spending so they still feel happy with what they buy.
Detailed Explanation
When oranges cost more, people should buy fewer oranges. Other options are incorrect because Some might think buying more oranges is good, but higher prices mean less value; Keeping the same amount of both fruits ignores the price change.
Key Concepts
Utility Maximization
Price Elasticity of Demand
Marginal Utility
Topic
Utility Maximization After Price Change
Difficulty
easy level question
Cognitive Level
understand
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