Solved

Figure 21-29 The Figure Below Illustrates the Preferences of a Representative Consumer

Question 308

Multiple Choice

Figure 21-29
The figure below illustrates the preferences of a representative consumer, Nathaniel. Figure 21-29 The figure below illustrates the preferences of a representative consumer, Nathaniel.   -Refer to Figure 21-29. A change in Nathaniel's optimum from point A to point B results from A) a change in Nathaniel's preferences. B) an increase in the income Nathaniel receives when he is young. C) an increase in the interest rate. D) a decrease in the interest rate.
-Refer to Figure 21-29. A change in Nathaniel's optimum from point A to point B results from


A) a change in Nathaniel's preferences.
B) an increase in the income Nathaniel receives when he is young.
C) an increase in the interest rate.
D) a decrease in the interest rate.

Correct Answer:

verifed

Verified

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

Related Questions