Multiple Choice
Use the following to answer questions:
Figure: Harold's Indifference Curves
The figure shows three of Harold's indifference curves for bread and cheese.
-(Figure: Harold's Indifference Curves) Look at the figure Harold's Indifference Curves. The price of cheese is $2 per pound and Harold has $10 to spend on bread and cheese. As the price of bread rises from $1 to $2 per loaf, his consumption of bread:
A) increases from 2 to 3 loaves.
B) decreases from 3 to 2 loaves.
C) increases from 3 to 4 loaves.
D) decreases from 4 to 3 loaves.
Correct Answer:

Verified
Correct Answer:
Verified
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