Which of the Following Will Keep a Consumer on the Same

question 19

Multiple Choice

Which of the following will keep a consumer on the same indifference curve even if he wishes to move to a higher one?

• A)An increase in the consumer's income
• B)An increase in the relative price of one good the consumer purchases,other prices remaining unchanged
• C)A decrease in the relative price of one good the consumer purchases,other prices remaining unchanged
• D)A doubling of the consumer's income and a halving of the prices of all the goods the consumer purchases

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Definitions:

Breach Of Contract

The violation of any agreed-upon terms or conditions in a binding contract, resulting in legal consequences.

Exculpatory Agreement

A contract that frees one party from liability for wrongful acts or negligence.

Public Policy

Guiding principles and laws adopted by governments aimed at influencing or determining social, economic, and political decisions for the welfare of the public.

Executory Contracts

Contracts under which both parties to the agreement have unfulfilled obligations that remain to be performed.