Solved

Please Consider the Following Figure: the Consumer Chooses a on Budget

Question 65

Multiple Choice

Please consider the following figure: Please consider the following figure: The consumer chooses A on budget line I1 and B on budget line I2. Which of the following statements is NOT true? A) A is preferred to B. B) B is preferred to C. C) C is preferred to D. D) A is preferred to C. The consumer chooses A on budget line I1 and B on budget line I2. Which of the following statements is NOT true?


A) A is preferred to B.
B) B is preferred to C.
C) C is preferred to D.
D) A is preferred to C.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q15: The food stamp program provides low income

Q21: Indifference curves are convex to the origin

Q42: The budget constraint for a consumer who

Q60: In the theory of consumer behavior, certain

Q62: Suppose that a consumer's increase in nominal

Q64: The assumption of transitive preferences implies that

Q66: Theodore's budget line has changed from A

Q68: A consumer prefers market basket A to

Q69: An ideal cost-of-living index measures:<br>A) The relative

Q92: Which of the following statements is not