Author Question: How do constraints affect our choices?[br][br][b][color=black]Question 2[/color][/b][br][br]A ... (Read 52 times)

Mr.Thesaxman · **on:** Jun 30, 2018

How do constraints affect our choices?

Question 2

A consumer is in equilibrium when the slope of his or her indifference curve is equal to his or her budget constraint.
a. True
b. False
Indicate whether the statement is true or false

Andromeda18 · **Reply #1 on:** Jun 30, 2018

Answer to Question 1

Constraints put limits on our choices, and differences in the constraints different people face lead them to different choices.

Answer to Question 2

False