Suppose the price of goods X and Y are P x = 4 and P y = 2. with their current consumption bundle, a consumer would be willing to trade 3 / 2 units of good Y for one unit of good X. At these prices,...

Suppose the price of goods X and Y are P_x
= 4 and P_y
= 2. with their current consumption bundle, a consumer would be willing to trade
³/₂
units of good Y for one unit of good X. At these prices, the consumer should...

• Consume more of both X and Y.


• Consume more of good X and less of good Y.


• Consume more of good Y and less of good X.


• Keep their consumption bundle the same.