Delete Multiple Choice Questions: (70 points, 5 Points each) 1. What is a model in economics? A. A person who is presenting the newest fashion . A simplification that allows economists to approximate certain aspects of reality C. A true depiction of reality intel D. A subfield of economics CORE 10TH 2. Which of the following changes would increase the price for lemons? A. A leftward shift in the supply curve of lemons. B. A lower price of lemons. C. A decline in the number of people drinking lemonade. D. An increase in the price of lime juice. boog to soing elsups & begg 3. How would you describe an indifference curve? obivib I boog to A. An indifference curve maps all bundles of two or more goods that are associated with the same amount of utility for the customer. B. An indifference curve describes all goods that a consumer is not interested in purchasing. C. An indifference curve defines how much money a customer can spend on consumption goods. D. Indifference curves define whether a good is a normal or an inferior good