need help with these two questions please and thank you This

need help with these two questions please and thank you

This Question: 1 pt 3 of 1011 complete In this chapter, consumer preferences for various commodilies did not change during the analysis. In some situations, however, preferences do change as consumption occurs Discuss why and how preferences might change over time with the consumption of cigarettes The consumption of cigarettes could change preferences it O A. because cigarettes are perfect complements. 0 B. cigarette consumption is addictive O c. cigarette consumption changes cigarette prices O D. cigarette consumption changes income O E. cigarette consumption in one period is independent of cigarette consumption in other periods Discuss why and how preferences might change over time with the consumption of dinner tor the first time at a restaurant with a special cuisine. The consumption of dinner for the first time at a restaurant with a special cuisine could change preferences it A. a new dining experience changes the budget constraint O B. a new dining experience is unrelated to adventure seeking 0 C, a new dining expenence changes the prices of other dining experiences ? D, a new dining experience changes the marginal rate ot substitution Click to select your answer

Solution

1. The correct answer is B. Cigarettes being highly addictive will effect preferences.

2. The correct answer is D.

 need help with these two questions please and thank you This Question: 1 pt 3 of 1011 complete In this chapter, consumer preferences for various commodilies di

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