Multiple Choice
Exhibit 6A-1 Budget line
-As shown in Exhibit 6A-1, a leftward shift in the budget line from CD to AB would result from:
A) a price reduction in good X.
B) a price reduction in good Y.
C) a decrease in consumer income.
D) an increase in consumer income.
Correct Answer:

Verified
Correct Answer:
Verified
Q33: Assume that an individual consumes only coffee
Q44: Moving along a budget line, the prices
Q47: An indifference map states:<br>A) indifference curves farther
Q101: Exhibit 6A-1 Budget line<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6121m/.jpg" alt="Exhibit
Q102: The marginal rate of substitution _ as
Q104: Exhibit 6A-2 Consumer Equilibrium<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6121m/.jpg" alt="Exhibit
Q105: Exhibit 6A-3 Consumer equilibrium<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6121m/.jpg" alt="Exhibit
Q107: Indifference curves that are closest to the
Q109: Given the prices of two goods, all
Q111: Exhibit 6A-7 Consumer equilibrium<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6121m/.jpg" alt="Exhibit