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    Microeconomics Study Set 30
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    Exam 19: The Logic of Individual Choice: the Foundation of Supply and Demand
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    Refer to the Graph Shown
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Refer to the Graph Shown

Question 78

Question 78

Multiple Choice

Refer to the graph shown. A consumer would be expected to change consumption from point A to point B in response to a(n) : Refer to the graph shown. A consumer would be expected to change consumption from point A to point B in response to a(n) :   A)  increase in the price of soda. B)  increase in the price of chocolate bars. C)  increase in income. D)  decrease in the price of soda.


A) increase in the price of soda.
B) increase in the price of chocolate bars.
C) increase in income.
D) decrease in the price of soda.

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