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Suppose Juan spends his entire income on candy and pizzas and consumes at least some of both. Now suppose that the price of candy increases
Suppose Juan spends his entire income on candy and pizzas and consumes at least some of both. Now suppose that the price of candy increases while the price of pizzas remains the same. If Juan is compensated so that his utility is held constant, which of the following must be true? O Juan is better off than he was before Juan consumes more candy and fewer pizzas. Juan consumes more pizzas and fewer candy Juan's utility decreases
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