A Graph Shows the Price of a Kilo of Cucumbers

question 121

Multiple Choice

A graph shows the price of a kilo of cucumbers on the vertical axis and the quantity of new cars sold by Honda on the horizontal axis. The price of a kilo of cucumbers remains constant as the quantity of new cars sold increases. The graph of these data is a

• A) horizontal line.
• B) negatively sloped line.
• C) curve with a maximum.
• D) vertical line.
• E) positively sloped line.

Recognize the role advertising plays in influencing consumer perceptions and utility.

Describe the relationship between total utility, marginal utility, and consumer equilibrium.

Explain how consumer preferences lead to the derivation of an individual's demand curve.

Assess how shifts in the budget line affect consumer choices and relate to economic concepts of normal and inferior goods.

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Definitions:

Two-Point Threshold

The minimum distance at which two points of contact can be felt as separate sensations, used to measure perceptual acuity or sensitivity.

Semicircular Canals

Part of the inner ear involved in maintaining balance and sensing rotation of the head.

Motion

The action or process of moving or being moved, involving change in position or location.

Planes

Flat, two-dimensional surfaces that extend infinitely, or a reference to different levels or areas of thought, existence, or development.