Multiple Choice
A decrease in the prices of two products that a consumer buys out of a constant budget would cause the consumer's
A) indifference curves to shift outward from the origin.
B) indifference curves to shift inward to the origin.
C) budget line to shift outward from the origin.
D) budget line to shift inward to the origin.
Correct Answer:

Verified
Correct Answer:
Verified
Q53: In 2015, the federal government started requiring
Q54: Assume you are spending your full budget
Q55: Answer the question on the basis of
Q56: A consumer's demand curve for a product
Q57: Answer the question on the basis of
Q59: Answer the question based on the table
Q60: A topographical map shows successively higher equal-elevation
Q61: Which of the following best expresses the
Q62: The law of diminishing marginal utility states
Q63: Total utility is best defined as the<br>A)change