Hold Jared's Preferences for Pizza and Pepsi Constant

question 159

Multiple Choice

Hold Jared's preferences for pizza and Pepsi constant. Suppose Jared's income, as well as the prices of pizza and Pepsi, double. As a result,

• A)both Jared's indifference curves and his budget constraint change.
• B)Jared's indifference curves change, but his budget constraint does not change.
• C)Jared's budget constraint changes, but his indifference curves do not change.
• D)neither Jared's indifference curves nor his budget constraint change.

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United States

A country located in North America, consisting of 50 states, a federal district, five major self-governing territories, and various possessions.

Cohabitate

To live together in a living arrangement, typically referring to a couple who are not married.

Divorce

The legal dissolution of a marriage by a court or other competent body, ending the legal partnership between two individuals.

Unhappy Marriage

A state of marriage where partners experience persistent dissatisfaction and conflict, often leading to emotional distress.