Along any single indifference curve the ________
A) consumer is equally satisfied with any of the combinations of goods
B) level of current income is unchanged
C) level of future income is unchanged
D) level of current and future income is unchanged
A
Economics
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The price elasticity of demand measures
A) the consumers' sensitivity to a price change. B) the producers' sensitivity to a price change. C) how much the market price changes in response to a change in demand. D) how much the demand changes in response to a change in income.
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Many times, technology is ________the equipment a company buys.
A. a substitute for B. not present in C. produced by D. embodied in
Economics