Multiple Choice
What will a consumer buy if there is a shift outward in the budget constraint
A) less of normal goods and more of inferior goods
B) more of normal goods and less of inferior goods
C) more of both normal goods and inferior goods
D) less of both normal goods and inferior goods
Correct Answer:

Verified
Correct Answer:
Verified
Q162: Using the graph shown,construct a demand curve
Q163: Figure 21-6<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1272/.jpg" alt="Figure 21-6
Q164: Figure 21-3<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1272/.jpg" alt="Figure 21-3
Q165: A highly bowed inward set of indifference
Q166: Figure 21-1<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1272/.jpg" alt="Figure 21-1
Q168: Using indifference curves and budget constraints,graphically illustrate
Q169: Figure 21-5<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1272/.jpg" alt="Figure 21-5
Q170: Lucy wants to go on a special
Q171: Figure 21-3<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1272/.jpg" alt="Figure 21-3
Q172: What can we say about a consumption