Which of the following is most clearly consistent with the basic-09111
Which of the following is most clearly consistent with the basic postulate of economics with regard to human decision making?
This multiple choice question (MCQ) is related to the book/course
vu eco402 Microeconomics.
It can also be found in
vu eco402 Final Term - Quiz No.3.
Which of the following is most clearly consistent with the basic postulate of economics with regard to human decision making?
People will never choose work over leisure.
People will buy less gas if the gasoline tax decreases 20 cents per gallon.
People will buy more orange juice at $2 per gallon than at $1 per gallon.
People will consume less beef if the price increases from $1 to $2 per pound.
