Q1. The most preferred affordable bundle is called the consumer's at the given prices and budget. A.

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Q1. The most preferred affordable bundle is called the consumer's at the given prices and budget. A. ordinary demand B. non-ordinary demand C. common demand Q2. Decreases in income m shift the constraint inward in a parallel manner, thereby shrinking the and reducing choice. A. budget set B. consumption set C. production set (13. A is one with many buyers and sellers, each has a negligible effect on price. A. competitive market B. Imperfect market C. monopolistic market (14. A uniform ad valorem sales tax levied at rate t is equivalent to an levied at rate. A. Product tax B. income tax C. cooperate tax

Posted Date: Jun 22, 2024 12:08 AM

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Q1. The most preferred affordable bundle is called the consumer's at the given prices and budget. A.

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