When the price of a good increases, all else equal, the higher price
A: leads to a parallel shift of the budget constraint
B: will necessarily lead to an increase in the consumption of goods whose price did not change
C: reduces the consumer's set of buying opportunities
D: generally discourages the consumption of inferior goods
A: leads to a parallel shift of the budget constraint
B: will necessarily lead to an increase in the consumption of goods whose price did not change
C: reduces the consumer's set of buying opportunities
D: generally discourages the consumption of inferior goods
举一反三
- 中国大学MOOC: When the price of a good increases, all else equal, the higher price
- If there are two goods, and if one good has a negative price and the other has a positive price, then the slope of the budget line will be positive.
- a good (or service) whose consumption declines as income rises and increases as income decreases increase in income=decrease in consumption decrease in income=increase in consumption
- When does a country become an importer of anarticle? A: when the domestic price of an article in a countryis lower than its world price B: When the domestic priceof a country's goods is higher than its world price
- Suppose that a consumer is consuming 10 units of a discrete good and the price increases from $5 per unit to $6. However, after the price change the consumer continues to consume 10 units of the discrete good. What isthe loss in the consumer’s surplus from this price change? A: $ 0 B: $ 4 C: $ 5 D: $ 10