When Two Goods Are Perfect Substitutes, the

question 385

Multiple Choice

When two goods are perfect substitutes, the

• A)indifference curve is a horizontal 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:

Line Sparklines

Small, simple charts embedded in individual cells of a spreadsheet to show trends in data graphically without taking much space.

Sparklines Group

A feature in Microsoft Excel that allows users to create small, word-sized charts within cells to visually represent data trends.

Insert Tab

A section in software applications, typically found in a ribbon or toolbar, that provides quick access to tools for adding various elements like images, tables, or charts to documents.

Data Labels

Textual identifiers that provide additional information about a data point in a chart or graph.