Question content area

Part $1$

Due to changes in the$$ government's foreign$$ policy, there is a$15\%$ increase in the prices of laptops imported from other countries while there is a$5\%$ decrease in the prices of$$ similar, domestically produced laptops.

Which of the following statements is not true about the$$ consumer's choice?

A$.$

Consumers will buy the laptop according to their tastes and preferences.

B$.$

Consumers will prefer the domestically produced laptops over the imported laptops.

C$.$

Consumers will buy the laptop whose absolute marginal benefit is higher.

D$.$

Consumers will choose the laptop with the least opportunity cost.

Part $2$

Given the prices and$$ budget, which of the following commodities would any rational consumer$$ purchase?

A$.$

The commodity that is cheaper and more easily available.

B$.$

The commodity that is the most expensive and most prestigious.

C$.$

The commodity that has the lowest opportunity cost.

D$.$

The commodity that best suits the$$ consumer's tastes and preferences and maximizes satisfaction.