Tunitra consumes at a point on her budget line where her marginal rate of substitution exceeds the magnitude of the slope of her budget line. As Tunitra moves toward her consumer equilibrium point, she will move to a
A) lower budget line.
B) higher budget line.
C) lower indifference curve.
D) higher indifference curve.
D
Economics
You might also like to view...
China's use of which of the following types of energy is causing high levels of carbon dioxide pollution?
a. oil b. natural gas c. electricity d. coal e. diesel fuel
Economics
The term "shortage" refers to a:
A. situation in which the quantity supplied is less than the quantity demanded. B. situation in which the quantity demanded is less than the quantity supplied. C. market in which goods have to be sold quickly or the goods tend to rot or otherwise expire. D. signal that producers need to decrease the price of the good.
Economics