According to rational consumer choice, what will happen to the optimal quantity of consumption for a good if the price increases?

a) it will increase along with the total utility
b) it will decrease
c) it will increase
d) it will be unaffected
e) insufficient data to determine

Respuesta :

According to rational consumer choice, the optimal quantity of consumption for a good if the price increases will c) it will increase.

What is rational consumer choice?

The rational consumer choice explains that individuals use their self-interests  in making their choices  which gives them with the greatest benefit.

In this case, According to rational consumer choice, the optimal quantity of consumption for a good if the price increases will c) it will increase.

Learn more about consumer choice on:

https://brainly.com/question/380037

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