Solved

Two Goods in an Individual's Consumption Bundle Are Perfect Substitutes

Question 78

Multiple Choice

Two goods in an individual's consumption bundle are perfect substitutes.For a given amount of income,the individual's optimal consumption bundle will contain:


A) exactly 50% of each of the two goods.
B) only the good with the lower price.
C) only the good with the higher price.
D) all of the good on the horizontal axis.

Correct Answer:

verifed

Verified

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

Related Questions