Constraints in the theory of consumer behaviour:
A) have no bearing on choices individuals make.
B) are the only influence on consumer choices.
C) are measurable in principle.
D) restrict choices.
Correct Answer:
Verified
Q23: If some constraint is relaxed or alleviated:
A)preferences
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Q26: Ron's utility function is given by U(x,y)=
Q27: If goods A and B are complements:
A)the
Q29: Marc consumes apples (x)and oranges (y). If
Q30: Beth consumes two goods, x1 and x2,
Q31: Which of the following is true?
A)Individuals prefer
Q32: When the price elasticity of demand for
Q33: Joe consumes just two goods, x1 and
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