True/False
If the consumer's income doubles,then his optimal purchases of all goods will double.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q1: When using the composite good convention all
Q2: When a consumer spends all of the
Q3: Goods X and Y<br><br>For the following questions,
Q4: Goods X and Y<br><br>For the following questions,
Q6: Goods X and Y<br><br>For the following questions,
Q7: Suppose the consumer's indifference curves are concave
Q8: A utility maximizing person gets marginal utility
Q9: Goods X and Y<br><br>For the following questions,
Q10: There are an infinite number of choices
Q11: If the indifference curve is not tangent