Multiple Choice
Consumers' preference are described by
A) indifference curves.
B) budget lines.
C) their wealth.
D) price level in the economy.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q16: The substitution effect can be measured by
Q17: An indifference curve is _.<br>A) all the
Q18: Utility is a measure of<br>A) the satisfaction
Q19: Most analysts agree that if prices and
Q20: According to the assumption of the basic
Q22: An increase in p will _ the
Q23: Which of the following will increase consumption
Q24: When labor suppliers choose how much time
Q25: The income elasticity of demand is_.<br>A) always
Q26: When consumers receive distributions of free rise,the