Which of the Following Statements Is Correct

question 261

Multiple Choice

Which of the following statements is correct?

• A) Consumers have the ability to buy everything they desire.
• B) A consumer's budget line shows the limits to what a consumer can buy.
• C) A consumer's budget line shows the goods with the highest marginal utilities.
• D) Rich consumers are unaffected by prices.
• E) A budget line changes only if the person's budget changes.

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Definitions:

Constant Signals

Signals or messages that are unchanging over time, often used in communication systems or signal processing.

Proprioception

The sense that allows the body to perceive its position and movement in space, contributing to balance and coordination.

Mediated By

A process or interaction facilitated or controlled by a specific factor or agent.

Mechanoreceptors

Specialized sensory cells or nerve endings that respond to mechanical stimuli such as pressure, vibration, and stretch.