Solved

Which of the Following Statements Is False on Theoretical Grounds

Question 76

Multiple Choice

Which of the following statements is false on theoretical grounds?


A) It is possible that all goods are normal.
B) It is possible that all goods are inferior.
C) It is possible that all goods are essential.
D) It is possible that all goods are inessential.

Correct Answer:

verifed

Verified

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

Related Questions

Q71: Stephen's demand for x1 can be expressed

Q72: Beth consumes two goods, x<sub>1</sub><sub> </sub>and x<sub>2</sub>,

Q73: Figure 3B<br><img src="https://d2lvgg3v3hfg70.cloudfront.net/TB3559/.jpg" alt="Figure 3B

Q74: Figure 3A<br><img src="https://d2lvgg3v3hfg70.cloudfront.net/TB3559/.jpg" alt="Figure 3A

Q75: If the market demand for oranges is

Q77: Mr. Inflexible's utility function is U(x<sub>1</sub>,x<sub>2</sub>)= min(x<sub>1</sub>,x<sub>2</sub>).

Q78: Suppose that p<sub>x </sub>= 2 and p<sub>y

Q79: If an excise tax on good x

Q80: If goods A and B are complements<br>A)the

Q81: A utility maximizing bundle is:<br>A)the bundle which