Perfect Substitutes Will Have

question 4

Multiple Choice

Perfect substitutes will have

• A)reverse L-shaped indifference curves.
• B)curved indifference curve, bowed out from the origin.
• C)L-shaped indifference curves.
• D)straight line indifference curves.
• E)curved indifference curves, bowed in from the origin.

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Definitions:

Evaluative Responses

Positive or negative reactions, judgments, or assessments made in response to a particular stimulus or situation.

Broad Assortment

A wide or extensive range of different items, types, or categories, often presented together for choice or comparison.

Deliberate Assortment

A strategic selection and arrangement of a variety of items or individuals, typically intended to optimize outcomes or benefits in a given context.

Global Evaluations

Assessments that reflect a general view or opinion about something, without focusing on specifics or details.