Identify the statement or statements below which represent properties of Question 18 Fall 2021 indifference curves: Answer saved Points out of Select one: 5.00 O a. the consumer is indifferent among all consumption combinations along P Flag question a given curve b. higher indifference curves represent higher levels of utility c. indifference curves cannot intersect O d. all of the above O e. a. and b. above Clear my choice Question 19 Not yet Between 1973 and 1974 OPEC raised gasoline prices 45%. However, the answered quantity demanded initially decreased just 8%. Identify the statement or Points out of statements below which support this. 5.00 Select one: P Flag question a. in the short run it is difficult to adjust our driving habits, as we rely on existing cars for transportation b. over time demand became more elastic as people relied more on public transportation c. over time demand became more inelastic, as people began purchasing mid-size SUVs (sport utility vehicles) d. all of the above Oe. a. and b. above