If a Market Basket Is Changed by Adding More of at Least

question 29

Multiple Choice

If a market basket is changed by adding more of at least one good, then rational consumers will:

• A) rank the market basket more highly after the change.
• B) more likely prefer a different market basket.
• C) rank the market basket as being just as desirable as before.
• D) be unable to decide whether the first market basket is preferred to the second or vice versa.
• E) have indifference curves that cross.

---

Definitions:

Expensive Items

Products or commodities that have a high purchase price, often due to their quality, rarity, or luxurious nature.

Trial Basis

A provisional period during which a product, service, or employee is tested or used before making a final decision regarding adoption, employment, or purchase.

Net 30

A payment term indicating that the full payment is due 30 days after the invoice date.

Payment Invoice

A document issued by a seller to a buyer, indicating the products, quantities, and agreed prices for products or services the seller has provided to the buyer.