menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Economics Today Study Set 1
  4. Exam
    Exam 20: Consumer Choice
  5. Question
    If an Individual Consumes Only Two Goods and Consumption of One
Solved

If an Individual Consumes Only Two Goods and Consumption of One

Question 395

Question 395

Multiple Choice

If an individual consumes only two goods and consumption of one good increases, then in order to keep the consumer on the same indifference curve, consumption of the other good must


A) increase.
B) decrease.
C) increase proportionately.
D) become negative.

Correct Answer:

verifed

Verified

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

Related Questions

Q390: The consumer optimum (for two goods, A

Q391: The price of one piece of pizza

Q392: A decrease in the price of a

Q393: If your money income stays the same

Q394: The marginal rate of substitution is<br>A) equal

Q396: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5018/.jpg" alt=" -In the above

Q397: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5018/.jpg" alt=" -Refer to the

Q398: Which of the following statements is FALSE,

Q399: The substitution effect refers to<br>A) the law

Q400: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5018/.jpg" alt=" -Referring to the

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines