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Commerce · Q1261

Economics

Graduate and Post Graduate · Commerce · question 1261

Q1261

Using Gabriel's budget line, and his indifference curves between horseback riding lesson and baseball lessons, and then changing of each activity holding his income constant, which of the following can be derived?

A.
Gabriel's supply curve for each activity
B.
Gabriel's net gain for each activity
C.
Gabriel's demand curve for each activity
Answer
D.
Gabriel's marginal benefit for each activity

Answer: Option C

Solution

Answer: Option C
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