ECON 1000 / ECON1000

York University (Ebor )

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ECON 1000 / ECON1000 QUIZ ANSWERS - CHAPTER 8 & 9
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33

februari 2022

2021/2022

A+
ECON 1000 / ECON1000 QUIZ ANSWERS - CHAPTER 8 & 9 Economics: Chapter 8 Sample Tests/Study Plan 1. A change in the prices of goods and a change in a consumer’s income Answer: changes the slope of the budget line; shifts the budget line 2. Utility is the benefit or satisfaction that a person gets from Answer: the consumption of goods and services 3. We use the concept of utility to describe a consumer’s preferences by looking at the Answer: total utility they obta...
Marilyn77
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