Suppose You Have One Point on a Demand Curve

question 146

Multiple Choice

Suppose you have one point on a demand curve.To plot another point for this demand curve using a group of indifference curves,

• A) transfer all points from the indifference curve to the corresponding demand curve.
• B) horizontally sum the indifference curves.
• C) change the price of a good, rotate the budget line, and find the new best affordable point. This new price and quantity is another point on the demand curve.
• D) calculate the marginal rates of substitution from the indifference curve and transfer these values to the demand curve.
• E) transfer the budget line so that it becomes the demand curve.

---

Definitions:

Winner-Take-All

An election system in which the candidate with the most votes wins the entire election, with no rewards or positions given to those who finish in second place or lower.

Political Parties

Organized groups of people with similar political ideologies and goals, working together to influence public policy and governance through elections.

Single-Member Plurality System

An electoral system in which candidates compete for a single seat from each constituency, and the candidate receiving the most votes wins, even if not achieving an absolute majority.

Two-Party System

A political system in which two major political parties dominate the government.