As a consumer moves rightward along an indifference curve, the
A) consumer remains indifferent among the different combinations of goods.
B) consumer generally prefers the combinations of goods farther rightward along the indifference curve.
C) income required to buy the combinations of the goods always increases.
D) relative price of both goods falls.
A
Economics
You might also like to view...
The objective of the household is to
a. maximize household wealth b. own as much land as possible c. save as much money as possible d. acquire as many goods as possible e. maximize utility
Economics
Consumer spending represents about what fraction of total spending in the economy?
a. one-fifth b. two-thirds c. one-third d. two-fifths e. three-fourths
Economics