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29. Bobby buys cat food for his cat, Pearl. If the price of cat food falls (cat food is on the x axis), then Bobby's
29. Bobby buys cat food for his cat, Pearl. If the price of cat food falls (cat food is on the x axis), then Bobby's budget line will A. rotate outward and its slope will change. B. shift inward and its slope will not change. C. shift outward and its slope will not change. D. rotate inward and its slope will change. 30. Kwame buys fishing lures and steaks. If his budget does not change and the price of a fishing lure decreases, the maximum number of fishing lures he can purchase and the maximum number of steaks he can purchase A. increases; decreases B. does not change; does not change C. decreases; increases D. increases; does not change 31. As Shaniq drinks additional cups of tea at breakfast, Shaniq's A. marginal utility from tea decreases. B. total utility from tea increases. C. total utility from tea decreases. D. Both answers A and B are correct. 32. Suppose that John consumes only Tampico and Bread. If John's total utility from all amounts of both Tampico and Bread double from what they were before, then John's demand for A. both goods must double. B. neither good changes. C. one of the goods must decrease by one-half. D. one of the goods must double. 33. A relative price is the A. absolute price of a good. B. price of a substitute. C. price of one good multiplied by the price of another. D. price of one good divided by the price of another 34. An indifference curve shows A. affordable combinations of goods. B. the relative price of one good relative to another. C. consumption possibilities that a consumer faces at different prices and income. D. different combinations of two goods among which the consumer is indifferent. 35. Moving along an indifference curve the A. consumer prefers some of the consumption points to others. B. marginal rate of substitution for a good increases as more of the good is consumed. C. marginal rate of substitution is constant. D. consumer does not prefer one consumption point to another. 36. As a consumer moves away from the origin onto higher indifference curves, what happens? A. The consumer reaches less preferred combinations of goods. B. The consumer reaches more affordable combinations of goods
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