Suppose that an individual has a constant MRS of shoes for sneakers of 4:3 (that is, he or she is always willing to give up 3 pairs of sneakers to get 4 pairs of shoes). Then, if sneakers and shoes are equally costly, he or she will:
a. buy only sneakers.
b. buy only shoes.
c. spend his or her income equally on sneakers and shoes.
d. wear sneakers only 3/4 of the time.
a
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When the U.S. price level decreases, we would expect a:
A. movement up along the aggregate supply curve. B. movement down along the aggregate demand curve. C. shift to the right of the aggregate demand curve. D. shift straight up of the aggregate demand curve.
Consumer surplus in the unregulated monopoly market in the figure below is: 
A. $8. B. $4. C. $0. D. $16.