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 When using a truth table, the statement pq is equivalent to qp\text { When using a truth table, the statement } p \rightarrow q \text { is equivalent to } \sim q \rightarrow p \text {. }

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 When using a truth table, the statement pq is equivalent to qp\text { When using a truth table, the statement } p \rightarrow q \text { is equivalent to } \sim q \rightarrow p \text {. }

Interpret the impact of price changes on a consumer’s budget constraint and optimal consumption choices.
Calculate the slope of the budget line in different scenarios.
Determine the impact of perfect complements and substitutes on consumer choice.
Identify the effects of normal and Giffen goods on consumption patterns.

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individuals in the workforce who are near or beyond the typical age of retirement, usually considered 65 years and older.

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