A Consumer Purchases Quantities of Good a and Good B

question 85

Multiple Choice

A consumer purchases quantities of good A and good B in accordance with the rational spending rule.An increase in the price of good A causes the consumer to

• A) buy more A to restore the rational spending rule.
• B) buy less B to restore the rational spending rule.
• C) do nothing;he is unaffected by the price change.
• D) buy less A to restore the rational spending rule.
• E) buy more of both A and B to restore the rational spending rule.

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Definitions:

Discrimination

The unjust or prejudicial treatment of different categories of people, especially on the grounds of race, age, sex, or disability.

Arbitrary

Decisions or actions not based on a system, principle, or rule and often appearing random or subject to individual will without restriction.

Future-Oriented

A perspective or approach that focuses on planning, forecasting, and preparing for upcoming changes, challenges, and opportunities.

Career Progression

Career progression involves the advancement or upward movement in one's professional life, through promotions, learning new skills, or changing roles.