Which one of the following statements about a consumer equilibrium is incorrect?
At a consumer equilibrium,

Question

Which one of the following statements about a consumer equilibrium is incorrect? 
 At a consumer equilibrium,

Answer

the consumer's total utility is maximized, given income and the prices of the goods bought.

Answer

the marginal utilities per dollar for all goods are equal.

Answer

the consumer's choice will not change unless prices or income change.

Answer

given prices and income, any other choice of goods would lower total utility.

Answer

the total utilities of all goods consumed are equal.

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