Multiple Choice
If money income triples and the price of all goods doubles,then the:
A) budget line remains unchanged.
B) consumer is worse off due to inflation.
C) consumer will buy more of normal goods.
D) budget line will shift in.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q172: If a firm offers to pay a
Q173: Suppose that a consumer's preferences are well
Q174: Suppose that consumers' preferences are well behaved
Q175: If you sell an inferior good,offering to
Q176: Suppose that three consumers are in the
Q178: The substitution effect isolates the change in
Q179: Suppose the utility function for a firm
Q180: The firm manager with horizontal indifference curves
Q181: The property that rules out indifference curves
Q182: If the price of a good purchased