Which of the Following Will Change the Slopes of Your

question 140

Multiple Choice

Which of the following will change the slopes of your indifference curves between petrol and movie rentals?

• A) Only a change in the price of either of the two goods.
• B) A change in your preferences for either of the two goods.
• C) Only a change in your income.
• D) Both a change in the price of either good and a change in income will change the slopes of your indifference curves.

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Definitions:

Family Structure

The composition and framework of a family unit, including its members and their relationships to one another.

Blended

The process or result of combining two or more elements into a cohesive whole, often used to describe families, materials, or educational methods.

Extended

To prolong the duration, scope, or size of something beyond the original limit.

Family Structure

The makeup or configuration of a family, including its members and their relationships to each other.