Solved

Although Some Tastes Do Change Over Time,economists Believe That Tastes

Question 103

Multiple Choice

Although some tastes do change over time,economists believe that tastes are relatively stable.If tastes were not stable enough,then _____


A) the supply curve of a good could not be drawn.
B) the "other-things-constant" assumption required for demand analysis could not be made.
C) the average cost curve of a firm could not be drawn.
D) consumers could not increase utility by reallocating their budget.
E) the law of diminishing marginal utility would not hold true.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions