QUESTION 42 When economists describe preferences (or satisfaction/happiness), they often use the concept of O A. markets O B. income O C. utility O D. prices QUESTION 43 Utility measures the O A. income a consumer receives from consuming a bundle of goods. O B. satisfaction a consumer receives from consuming a bundle of goods. O c. satisfaction a consumer places on her budget constraint. O D. All of the above are correct. QUESTION 44 What are the two effects of a change in a price that a consumer experiences? O A. the income effect and the budget effect O B. the complement effect and the substitute effect O C. the price effect and the preference effect O D. the income effect and the substitution effect