Refer to the data. Suppose the price of new product Z is $10 rather than $1. This consumer would purchase:





Consumer's income = $12

A.  some of Z but not as much as if the price were $1.

B.  none of Z.

C.  less of X, Y, and Z than if the price were $1.

D.  more of X, Y, and Z than if the price were $1.


B.  none of Z.

Economics

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