Multiple Choice
Which of the following results in a rightward shift of your indifference curves for gasoline and movie rentals?
A) an increase in the price of a litre of gasoline with no change in the price of a movie rental
B) an increase in the price of a movie rental with no change in the price of a litre of gasoline
C) an increase in income if gasoline and movie rentals are normal goods
D) a decrease in the price of a litre of gasoline or a decrease in the price of a movie rental
E) none of the above
Correct Answer:
Verified
Correct Answer:
Verified
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