Marble,although Expensive,would Be an Ideal Flooring Material for Kitchens Because

question 28

True/False

Marble,although expensive,would be an ideal flooring material for kitchens because it is resilient and does not get slippery when wet.

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Definitions:

Indifference Curve

A graph showing different bundles of goods between which a consumer is indifferent, reflecting their preferences for combinations of goods.

Utility

A measure of satisfaction or benefit that consumers receive from consuming goods and services.

Equilibrium Position

The state in which market supply and demand balance each other, resulting in stable prices and quantities.

Budget Line

A graphical representation showing all possible combinations of two goods that can be purchased with a given income.