Multiple Choice
If two consumption points are on different indifference curves,then one point is
A) a substitute for the other.
B) preferred to the other.
C) a complement of the other.
D) a normal good and the other point is an inferior good.
E) more expensive than the other.
Correct Answer:

Verified
Correct Answer:
Verified
Q61: What is the relationship between goods and
Q62: Junkfood Jill spends all of her income
Q63: If income increases,the budget line<br>A)becomes steeper.<br>B)becomes flatter.<br>C)shifts
Q64: Real income is calculated as<br>A)income divided by
Q65: The effect of a change in income
Q67: An indifference curve is<br>A)the boundary between what
Q68: Bill consumes apples and bananas.Apples are measured
Q69: The price of one good divided by
Q70: Which one of the following statements is
Q71: When speaking of the price of the