Author Question: If a market basket is changed by adding more of at least one good, then rational consumers will: ... (Read 69 times)

ghost!

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If a market basket is changed by adding more of at least one good, then rational consumers will:
 
  A) rank the market basket more highly after the change.
  B) more likely prefer a different market basket.
  C) rank the market basket as being just as desirable as before.
  D) be unable to decide whether the first market basket is preferred to the second or vice versa.
  E) have indifference curves that cross.

Question 2

The trade-offs facing consumers include:
 
  A) how to allocate income across goods and serves.
  B) how to allocate income between consumption and savings.
  C) both A and B
  D) none of the above



ansleighelindsey

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Answer to Question 1

A

Answer to Question 2

C



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