Which of the following is TRUE? Lütfen birini seçin: O A. If bundles A and B lie on the budget constraint, we can say that the household has the same utility from consumption of the two bundles. O B. If price of one good increases without any other changes, the budget constraint will shift outward with the same slope. O C. Slope of an indifference curve is called as "Marginal Rate of Technical Substitution" O D. Points below a budget constraint are unattainable. O E. If the money income decreases without any other changes, the budget constraint will shift inward with the same slope.

Which of the following is TRUE? Lütfen birini seçin: O A. If bundles A and B lie on the budget constraint, we can say that the household has the same utility from consumption of the two bundles. O B. If price of one good increases without any other changes, the budget constraint will shift outward with the same slope. O C. Slope of an indifference curve is called as "Marginal Rate of Technical Substitution" O D. Points below a budget constraint are unattainable. O E. If the money income decreases without any other changes, the budget constraint will shift inward with the same slope.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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36. What is substitution effect an income increase leading to the outward budget line and IC price of a good change leading to the relative prices change and choice of individual to consume a cheaper good more both prices of goods change in the same direction and no change in consumption ratio อื่นๆ: 37. What is 'not' correct about income effect? income effects results from changes in lower good prices Income effects results from the move in the budget constraint outward income effects results from the move in the budget constraint inward income effects can be seen along the same IC O อื่นๆ:
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