Multiple Choice
Preferences depend on
A) relative prices but not income.
B) income but not relative prices.
C) neither relative prices nor income.
D) both relative prices and income.
Correct Answer:

Verified
Correct Answer:
Verified
Q121: If an indifference map for a consumer
Q122: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4952/.jpg" alt=" -Consider the budget
Q123: The point where the indifference curve is
Q124: If an indifference curve is a straight
Q127: The income effect for an inferior good<br>A)
Q128: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4952/.jpg" alt=" -In the above
Q129: Larry spends all his $800 monthly income
Q130: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4952/.jpg" alt=" -In the figure
Q131: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4952/.jpg" alt=" -The above figure
Q399: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5274/.jpg" alt=" -In the above