A Consumer

question 137

Multiple Choice

A consumer

• A)is equally satisfied with any indifference curve.
• B)prefers indifference curves with positive slopes.
• C)prefers higher indifference curves to lower indifference curves.
• D)is generally unable to place all consumption bundles on an indifference curve.

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Definitions:

Refined

Improved or made more elegant or sophisticated through careful modification.

Supply Curve

A graphical representation of the relationship between the price of a good and the quantity supplied, typically upward sloping.

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Fundamental discrete devices or parts in an electronic system used to affect electrons or their associated fields.