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:

Prejudice

Preconceived opinions or judgments about individuals or groups that are not based on reason or actual experience, often manifesting as discrimination or bias.

Multiculturalism Policy

A policy approach that recognizes, values, and promotes the cultural diversity within a society and encourages the retention of cultural identity among its members.

Canada

A country in North America known for its vast landscapes, multicultural society, and bilingual status with English and French as official languages.

Ethnic Entrepreneur

An individual who creates and operates a business venture, leveraging cultural knowledge and networks within their ethnic or immigrant community for success.