Multiple Choice
Harold can consume apples and oranges.He likes them equally well and currently is in consumer equilibrium.Then the price of oranges rises,while his income remains the same.What will happen to his consumption?
A) Consumption of oranges increases;consumption of apples decreases.
B) Consumption of oranges increases;consumption of apples increases.
C) Consumption of oranges decreases;consumption of apples decreases.
D) Consumption of oranges decreases;consumption of apples increases.
E) Consumption of oranges decreases;consumption of apples could either increase or decrease.
Correct Answer:
Verified
Correct Answer:
Verified
Q86: Use the table below to answer the
Q87: Lucy buys only magazines and CDs.Both are
Q88: Use the table below to answer the
Q89: Use the table below to answer the
Q90: Suppose you are consuming hot dogs and
Q92: Childcare workers often get paid fairly low
Q93: Behavioural economics and neuroeconomics seek to achieve<br>A)the
Q94: Ron starts out in consumer equilibrium,consuming two
Q95: Consider Devon's total utility from snorkeling and
Q96: Use the table below to answer the