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Figure 21-22 -Refer to Figure 21-22. If the Consumer Is Currently at Is

Question 411

Multiple Choice

Figure 21-22 Figure 21-22 -Refer to Figure 21-22. If the consumer is currently at point A in the figure, a movement to point B as a result of a decrease in the price of potato chips represents the A) substitution effect. B) income effect. C) budget effect. D) price effect.
-Refer to Figure 21-22. If the consumer is currently at point A in the figure, a movement to point B as a result of a decrease in the price of potato chips represents the


A) substitution effect.
B) income effect.
C) budget effect.
D) price effect.

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