Multiple Choice
If the price of a good Y falls,then the marginal rate of substitution between X and Y:
A) increases.
B) decreases.
C) remains the same.
D) depends on whether X and Y are normal or inferior goods, and we cannot tell without that information.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q46: If you were running an advertising campaign
Q47: Along the same indifference curve,MRS is _
Q48: Kate's money income is $250,the price of
Q49: The substitution effect reflects how a consumer
Q50: If the price of computers decreases,then the:<br>A)
Q52: After a price decrease for good X,the
Q53: Which of the following is most likely
Q54: An economics professor went out to dinner
Q55: If the price of good X is
Q56: The total earnings of a worker are