In a Budget Line/indifference Curve Diagram,at the Consumer's Equilibrium at the Best

question 168

Multiple Choice

In a budget line/indifference curve diagram,at the consumer's equilibrium at the best affordable point,

• A) any movement upward or downward on the budget line will move the consumer to a less preferred point.
• B) any movement to the northeast to higher indifference curves moves the consumer to a less preferred point.
• C) the slope of the budget line exceeds the marginal rate of substitution by as much as possible.
• D) the budget line has a positive slope and the indifference curve has a negative slope.
• E) the budget line has a negative slope and the indifference curve has a positive slope.

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Definitions:

Simple Random Sampling

A sampling technique where each member of the population has an equal chance of being selected to be part of the sample.

Political Analysts

Professionals who study and interpret political systems, activities, and trends.

General Population

The entire group or set of individuals that researchers are interested in and to which they aim to generalize their findings.

Random Samples

Random samples are selections made in such a way that each member of a population has an equal chance of being included.