Which of the Following Is True at Any Point Along

question 99

Multiple Choice

Which of the following is true at any point along a consumer's demand curve?

• A)The consumer's preferences for different goods can be ranked.
• B)The consumer's optimality condition is satisfied.
• C)The consumer's income increases successively as one moves downward along the demand curve.
• D)The marginal rate of substitution is constant.

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Definitions:

Consecutive GICs

A sequence of Guaranteed Investment Certificates held one after another, often to create a ladder strategy for managing interest rate risk.

Interest Rates

The amount charged, expressed as a percentage of principal, by a lender to a borrower for the use of assets.

Term Deposit

A bank deposit that has a fixed term or period of time until you can access your money, often with a higher interest rate than savings accounts.

Promissory Note

A financial document in which one party promises to pay another party a definite sum of money at a specified future date or on demand.