Jane is a utility-maximizing consumer who is consuming the optimal quantity of wallets and eyeglasses and spending her entire budget.The price of wallets falls.Jane will:
A.decrease her consumption of wallets if wallets are an inferior good and the income effect is weaker than the substitution effect.
B.increase her consumption of wallets if wallets are an inferior good and the income effect is stronger than the substitution effect.
C.increase her consumption of wallets if wallets are a normal good, as the income effect reinforces the substitution effect.
D.decrease her consumption of wallets if wallets are a normal good and the income effect reinforces the substitution effect.

Question

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The Answer of Jane is a utility-maximizing consumer who is consuming the optimal quantity of wallets and eyeglasses and spending her entire budget.The price of wallets falls.Jane will:
A.decrease her consumption of wallets if wallets are an inferior good and the income effect is weaker than the substitution effect.
B.increase her consumption of wallets if wallets are an inferior good and the income effect is stronger than the substitution effect.
C.increase her consumption of wallets if wallets are a normal good, as the income effect reinforces the substitution effect.
D.decrease her consumption of wallets if wallets are a normal good and the income effect reinforces the substitution effect.

Jane Is a Utility-Maximizing Consumer Who Is Consuming the Optimal