Multiple Choice
Use the following to answer questions:
Figure: Indifference Curves and Consumption Bundles
-(Figure: Indifference Curves and Consumption Bundles) Look at the figure Indifference Curves and Consumption Bundles. The lines AA and BC are parallel. The optimal consumption point could shift from b to c as a result of any of the following EXCEPT:
A) an equal percentage increase in the prices of hot dogs and pizza while income is unchanged.
B) a decrease in income with prices constant.
C) a change in tastes.
D) an equal percentage increase in the prices of hot dogs and pizza while income is unchanged or a decrease in income with prices constant.
Correct Answer:

Verified
Correct Answer:
Verified
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