When the price of oranges increases, a consumer will likely adjust their consumption by comparing the _____ of apples and oranges to maximize their utility.

When the price of oranges goes up, a consumer will compare the cost and enjoyment of both oranges and apples to decide how to spend their money wisely. This process is called utility maximization, which means getting the most satisfaction from their purchases. If oranges become more expensive, the consumer might find that apples give them similar enjoyment for a lower price, so they may choose to buy more apples instead. For example, if a consumer usually buys 5 oranges but notices they cost more than 3 apples, they might switch to buying 4 apples instead to save money while still enjoying fruit. By making these comparisons, the consumer can adjust their choices to ensure they get the best value for their money.