Multiple Choice
Graph 22-6
-Refer to Graph 22-6. Assume that the consumer depicted in the graph faces prices and income such that she optimises at point A. According to the graph, what change allows the consumer to move to point B?
A) a decrease in the price of M&Ms
B) an increase in the price of M&Ms
C) an increase in the price of Skittles
D) a decrease in the price of Skittles
Correct Answer:

Verified
Correct Answer:
Verified
Q5: A consumer who chooses to consume at
Q7: An increase in income will cause the
Q29: The budget constraints shows the different possible
Q38: Frida and Brent, two economists working on
Q61: If an in-kind transfer forces the recipient
Q78: Graph 22-5<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8324/.jpg" alt="Graph 22-5
Q106: If the marginal rate of substitution of
Q139: Draw a budget constraint that is consistent
Q146: Bundles of goods on a consumer's indifference
Q150: A Giffen good is a good for