Consumers always prefer indifference curves that are ____ the origin
a. closer to
b. tangent to
c. farther from
d. concave relative to
c
Economics
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Market failures
A) prevent the price system from attaining economic efficiency. B) result in quantities and prices that are socially desirable. C) strengthen economic efficiency by forcing unprofitable firms to close. D) weaken the argument for government intervention in the economy.
Economics
Exhibit 3-3 Demand curves
Assume that consumers expect the price of gasoline to rise sharply in the future. Which of the graphs in Exhibit 3-3 depicts this effect?
A. Graph A. B. Graph B. C. Graph C. D. Graph D.
Economics