Use the Following to Answer Questions

question 299

Multiple Choice

Use the following to answer questions:
Figure: Harold's Indifference Curves
The figure shows three of Harold's indifference curves for bread and cheese.
-(Figure: Harold's Indifference Curves) Look at the figure Harold's Indifference Curves. The price of cheese is $2 per pound and Harold has $10 to spend on bread and cheese. As the price of bread rises from $1 to $2 per loaf, his consumption of bread:

• A) increases from 2 to 3 loaves.
• B) decreases from 3 to 2 loaves.
• C) increases from 3 to 4 loaves.
• D) decreases from 4 to 3 loaves.

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Definitions:

Longitudinal Research

A research design in which the same subjects are observed for an extended period of time to detect any changes that may occur.

Stability Of Behavior

Refers to the consistency of individual behaviors over time and across situations, emphasizing the enduring nature of personality and actions.

Practical

Pertaining to or concerned with the actual doing or use of something rather than with theory and ideas.

Longitudinal

A type of research study in which data is gathered from the same subjects repeatedly over a period of time.