If an Individual Consumes Only Two Goods and Consumption of One

question 395

Multiple Choice

If an individual consumes only two goods and consumption of one good increases, then in order to keep the consumer on the same indifference curve, consumption of the other good must

• A) increase.
• B) decrease.
• C) increase proportionately.
• D) become negative.

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Definitions:

Species

The basic unit of biological classification, defined as a group of living organisms consisting of similar individuals capable of exchanging genes or interbreeding.

Real Referents

Entities in the real world to which words, symbols, or other forms of representation directly relate or refer.

Genus

A category used in biological classification that ranks above species and below family, grouping species that share common characteristics.

Species

A group of living organisms consisting of similar individuals capable of exchanging genes or interbreeding, classified within a common category.