Question

Consider a world in which there are only two goods, A and B. Which statement best explains why the law of demand emerges from the concept of consumer equilibrium?

A) When consumers have maximized their utility and the price of B falls, consumers will increase their total utility by buying more of A and less of B.

B) When consumers have maximized their utility and the price of B rises, consumers will increase their total utility by buying more of B and less of A.

C) When consumers have maximized their utility and the price of B rises, consumers will increase their total utility by buyi