
If the consumption of one good is reduced,how must a consumer alter his consumption of another good in order to remain indifferent between two bundles
A) He can reduce, increase, or not change his consumption of another good.
B) He must reduce his consumption of another good.
C) He must increase his consumption of another good.
D) He must not change his consumption of another good.
Correct Answer:
Verified
Q32: Figure 21-3 Q33: Figure 21-3 Q34: What determines the slope of the budget Q35: If a consumer's income decreases,in what way Q36: Figure 21-3 Q38: Figure 21-3 Q39: What do indifference curves graphically represent Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents
A)an income