Which of the following statements is not true?
A)When consumers purchase more of one good, they are giving up the ability to buy as much of other goods.
B)When consumers choose to take more leisure time, they are giving up the ability to consume as much as before.
C)Consumers face consumption tradeoffs because they have limited income.
D)Consumers face consumption tradeoffs because they have limited preferences for goods.

Question

Which of the following statements is not​ true?
A)​When consumers purchase more of one good, they are giving up the ability to buy as much of other goods.
B)​When consumers choose to take more leisure time, they are giving up the ability to consume as much as before.
C)​Consumers face consumption tradeoffs because they have limited income.
D)​Consumers face consumption tradeoffs because they have limited preferences for goods.

Quizplus · Accepted Answer

Consumers do not face consumption tradeoffs because of limited preferences for goods. Rather, they face tradeoffs because of limited income and limited time.

Which of the Following Statements Is Not​ True

Which of the Following Statements Is Not True