Answer-In a situation when MRS>Px/Py, the consumer would react by:

Question

In a situation when MRS>Px/Py, the consumer would

react by:

A Diminishing the consumption of commodity-x Correct Answer Incorrect Answer

B Increasing the consumption of commodity-y Correct Answer Incorrect Answer

C Increasing the consumption of commodity-x Correct Answer Incorrect Answer

D Decrease the consumption of commodity-y Correct Answer Incorrect Answer

Consumer should increase the consumption of good x so that the MRSxy goes down and the equilibrium can achieve.

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