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    Principles of Economics Study Set 8
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    Exam 21: The Theory of Consumer Choice
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    Suppose Caroline Is Indifferent Between Tea and Coffee as Long
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Suppose Caroline Is Indifferent Between Tea and Coffee as Long

Question 8

Question 8

Multiple Choice

Suppose Caroline is indifferent between tea and coffee as long as she consumes an equivalent amount of caffeine. Suppose that coffee has twice as much caffeine as tea. Which graph would illustrate a representative indifference curve?


A) Suppose Caroline is indifferent between tea and coffee as long as she consumes an equivalent amount of caffeine. Suppose that coffee has twice as much caffeine as tea. Which graph would illustrate a representative indifference curve? A)    B)    C)    D)
B) Suppose Caroline is indifferent between tea and coffee as long as she consumes an equivalent amount of caffeine. Suppose that coffee has twice as much caffeine as tea. Which graph would illustrate a representative indifference curve? A)    B)    C)    D)
C) Suppose Caroline is indifferent between tea and coffee as long as she consumes an equivalent amount of caffeine. Suppose that coffee has twice as much caffeine as tea. Which graph would illustrate a representative indifference curve? A)    B)    C)    D)
D) Suppose Caroline is indifferent between tea and coffee as long as she consumes an equivalent amount of caffeine. Suppose that coffee has twice as much caffeine as tea. Which graph would illustrate a representative indifference curve? A)    B)    C)    D)

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