Answer to Question #71947 in Microeconomics for Daniel

Question #71947
When the price of one good changes, and all others stay the same: A. the change in relative prices is reflected in a change in the slope of the budget constraint. B. the change in relative prices can be thought of as a change in the opportunity costs of each good. C. the change in relative prices is reflected in a change in the marginal utility per dollar spent on each good. D. All of these statements are true.
1
Expert's answer
2017-12-18T09:02:07-0500
Answer is «D» (All of these statements are true).

Need a fast expert's response?

Submit order

and get a quick answer at the best price

for any assignment or question with DETAILED EXPLANATIONS!

Comments

No comments. Be first!

Leave a comment

Ask Your question

LATEST TUTORIALS
New on Blog
APPROVED BY CLIENTS
paypal