Author Question: In order to derive a demand curve for cheese, we would change a. income and hold other things ... (Read 37 times)

beccaep · **on:** Jul 1, 2018

In order to derive a demand curve for cheese, we would change
a. income and hold other things constant
b. tastes and hold other things constant
c. the price of other goods and hold everything else constant
d. the price of cheese and hold other things constant
e. the price of all goods, including cheese and hold other things constant

Question 2

To derive a demand curve using utility analysis,
a. change a consumer's marginal utilities and note the effect of demand curve changes on market prices
b. change a consumer's marginal utilities and note the effect of supply curve changes on market prices
c. change a consumer's marginal utilities and note the effect of supply and demand curve changes on market prices
d. note how the consumer's utility-maximizing consumption bundle changes in response to price changes
e. note how the consumer's utility-maximizing consumption bundle changes in response to demand-curve shifts