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FIGURE 6-11 -Refer to Figure 6-11. the Line Joining Points E1 and E1

Question 115

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  FIGURE 6-11 -Refer to Figure 6-11. The line joining points E1 and E3 is known as , which shows how . A)  a price consumption line; consumption changes as one price changes, with money income held constant B)  an income consumption line; consumption changes as income changes, with relative prices held constant C)  a price consumption line; consumption changes as money income and relative prices change D)  an income consumption line; consumption changes with changing relative prices and constant income FIGURE 6-11
-Refer to Figure 6-11. The line joining points E1 and E3 is known as , which shows how .


A) a price consumption line; consumption changes as one price changes, with money income held constant
B) an income consumption line; consumption changes as income changes, with relative prices held constant
C) a price consumption line; consumption changes as money income and relative prices change
D) an income consumption line; consumption changes with changing relative prices and constant income

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