When the price of gasoline increases, consumers will:
A) drive less
B) use public transportation more
C) all of the other answers
D) carpool more
Correct Answer:
Verified
Q33: A consumer equilibrium is found where:
A) the
Q34: Marginal utility refers to:
A) the extra level
Q35: When a consumer is indifferent between consuming
Q36: All of the following are assumptions about
Q37: Economists use cardinal utility to measure:
A) ranking
Q39: Increases in per-capita income, ceteris paribus, will
Q40: If the price of chicken increases:
A) consumer
Q41: A general inflation will:
A) decrease the consumption
Q42: Sugar (sucrose) and corn syrup (fructose) are:
A)
Q43: Beef and chicken are:
A) Complements in consumption
B)
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