We Can Use the Calculus of the Consumer Choice Model

question 72

Multiple Choice

We can use the calculus of the consumer choice model for each of the following EXCEPT:

• A) to see how the demand curve shifts when there is a discrete change in income or the price of the other good.
• B) to see how the demand curve shifts when tastes for a good change.
• C) to see how the supply curve shifts when tastes for a good change.
• D) to see the effects of a change in price of the good itself.

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Definitions:

Internal Oblique

A muscle in the abdominal wall that assists in rotating and side-bending the trunk.

Coracobrachialis

A muscle in the shoulder that aids in flexing and adducting the arm.

Pectoralis Major

A large chest muscle that contributes to the shoulder joint's movement and the arm's rotation inward.

Deltoid

A large, triangular muscle covering the shoulder joint that is responsible for lifting the arm and giving the shoulder its range of motion.