Author Question: All of the following are non-price determinants of demand except A) tastes and preferences. B) ... (Read 50 times)

tingc95 · **on:** Jul 1, 2018

All of the following are non-price determinants of demand except

A) tastes and preferences.
B) income.
C) technology.
D) future expectations.

Question 2

Convexity of indifference curves implies that consumers are willing to

A) give up more y to get an extra x the more x they have.
B) give up more y to get an extra x the less x they have.
C) settle for less of both x and y.
D) acquire more x only if they do not have to give up any y.