Ans: D. MUx/Px < MUy/Py
If a consumer is initially at an optimum, and then the price of Y falls, then
A. MUx/Px > MUy/Py
B. MUx/MUy > Py/Px
C. MUx/Px = MUy/Py
D. MUx/Px < MUy/Py
Economics
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