When Two Goods Are Perfect Substitutes, the

question 57

Multiple Choice

When two goods are perfect substitutes, the

• A)indifference curve is a downward-sloping straight line.
• B)marginal rate of substitution is constant.
• C)indifference curve is a vertical straight line.
• D)Both a and b are correct.

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Definitions:

Emotional Expressions

The manifestations of complex psychological states through facial expressions, body language, and vocal tones that convey feelings, mood, or emotions.

Appropriate Situations

Circumstances or contexts that are suitable or fitting for a specific action, behavior, or response.

Circumplex Model

A model used to categorize emotions or personality traits on a two-dimensional circular chart, suggesting relationships between different aspects.

Emotional Labels

Terms or phrases used to identify and express feelings or emotions experienced by individuals.