Multiple Choice
Figure 21-3
In each case, the budget constraint moves from BC-1 to BC-2. 
-Refer to Figure 21-3. Which of the graphs in the figure reflects an increase in the price of good X only?
A) graph a
B) graph b
C) graph c
D) graph d
Correct Answer:
Verified
Correct Answer:
Verified
Q312: Figure 21-5<br>(a)<br>(b) <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1273/.jpg" alt="Figure 21-5 (a)
Q313: Figure 21-21 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1273/.jpg" alt="Figure 21-21
Q314: Figure 21-32 The figure shows three indifference
Q315: Figure 21-15 On the graph, Q<sub>x</sub> represents
Q316: Jordan is planning ahead for retirement and
Q318: Which of the following statements is necessarily
Q319: Figure 21-25 The figure pertains to a
Q320: Suppose Caroline is indifferent between tea and
Q321: An optimizing consumer will select the consumption
Q322: Figure 21-8 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1273/.jpg" alt="Figure 21-8