Which of the Following Statements Is True

question 159

Multiple Choice

Which of the following statements is true?

• A) Every point on a budget line lies on an indifference curve.
• B) To determine a consumer's best affordable point, we need only the budget line or the indifference curve.
• C) The price effect is shown by moving up or down a fixed budget line.
• D) Both A and B are true.

---

Definitions:

Customer Privacy

The protection and careful handling of personal, private, and sensitive information of customers by businesses and organizations.

Communication Tolerance Level

The degree to which an individual or group is willing to accept and adapt to differences in communication styles and content.

Personal Traits

Innate characteristics or qualities that define an individual's personality and behavior.

Objection

A statement or assertion expressing disapproval or opposition.