6. This is the last question about Fred. When the price of beer rose, Fred's consumption of beer changed. How did his consumption change due purely to the substitution effect?
- there was no change.
- it fell by 1 beer.
- it fell by 2 beers.
- it fell by 3 beers.
- it rose by 1 beer.
|
| Fred's Marginal Utility |
| Q |
MU Brats |
MU Beer |
| 1 |
16 |
11 |
| 2 |
14 |
10 |
| 3 |
12 |
9 |
| 4 |
10 |
8 |
| 5 |
8 |
7 |
| 6 |
6 |
6 |
| 7 |
4 |
5 |
| 8 |
2 |
4 |
|
