Figure 5-14 -Martha Initially Buys the Combination of Pens and Pencils Shown

question 11

Multiple Choice

Figure 5-14
-Martha initially buys the combination of pens and pencils shown as A in Figure 5-14.After the prices of both goods change, she buys combination B.It must be true that

• A)Martha prefers A to B.
• B)Martha prefers B to A.
• C)Martha is indifferent between A and B.
• D)Martha's preferences between A and B cannot be determined from the information given.

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Definitions:

Prospective Customers

Individuals or organizations that are considered potential buyers for a product or service.

Forecast Alternative

Predictive scenarios or models used to estimate future outcomes based on different assumptions or conditions.

Primary Data

Information collected firsthand for a specific research purpose or project, through methods such as surveys, interviews, or experiments.

Secondary Data

Information that has been collected previously by someone else for a different purpose but can be utilized for a new research project or analysis.