Which of the following is true?
A. If income increases, a consumer will always consume more of a good.
B. At a point of consumer equilibrium, the MRS always equals 1.
C. Indifference curves may intersect.
D. None of the statements is correct.
Answer: D
Economics
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The CPI was 225 in 2008 and 232.2 in 2009. The nominal interest rate during this period was 1.4 percent. What was the real interest rate during this period?
A) 4.6 percent B) -1.8 percent C) -3.2 percent D) 3.2 percent E) 1.8 percent
Economics
The stimulation of a large economy aimed at increasing growth in the rest of the world is commonly known as
A) pass-through effect. B) locomotive effect C) investment effect. D) domino effect.
Economics