Multiple Choice
If we observe that a consumer's budget constraint has shifted outward, we can assume that the consumer will buy
A) fewer normal goods and more inferior goods.
B) more normal goods and fewer inferior goods.
C) more normal goods and more inferior goods.
D) fewer normal goods and fewer inferior goods.
Correct Answer:

Verified
Correct Answer:
Verified
Q136: Figure 21-32 The figure shows three indifference
Q137: Clark enjoys fishing and hunting. He divides
Q138: A consumer has preferences over consumption and
Q139: An optimizing consumer will select the consumption
Q142: Figure 21-6 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1273/.jpg" alt="Figure 21-6
Q143: Assume that a college student purchases only
Q144: Figure 21-30 The graph shows two budget
Q145: A consumer likes two goods: books and
Q146: The marginal rate of substitution<br>A)varies along an
Q180: Evaluate the following statement, "Warren Buffet is