Multiple Choice
-In the above figure, Mark's monthly budget line for movies and plays changed, as shown by the arrow. The change was caused by
A) an increase in Mark's income.
B) a fall in the price of a play.
C) a rise in the price of a play.
D) a decrease in Mark's income.
Correct Answer:

Verified
Correct Answer:
Verified
Q13: Which of the following statements is FALSE?<br>A)
Q14: In order to determine a household's budget
Q15: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4952/.jpg" alt=" -Lizzie's preferences are
Q16: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4952/.jpg" alt=" -In the figure
Q17: The substitution effect<br>A) is always larger than
Q19: Petrol is a normal good. If the
Q20: The price of one good changes and
Q21: When the consumer is at his or
Q22: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4952/.jpg" alt=" -In the figure
Q23: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4952/.jpg" alt=" -The indifference curves