Multiple Choice
Use the following to answer questions:
Figure: The Optimal Consumption Bundle
-(Figure: The Optimal Consumption Bundle) Look at the figure The Optimal Consumption Bundle. Which of the following could lead to an optimal consumption bundle on indifference curve I3?
A) a decrease in income
B) a decrease in the price of restaurant meals
C) an increase in the price of rooms
D) an increase in the price of restaurant meals
Correct Answer:

Verified
Correct Answer:
Verified
Q11: Steven consumes staples and paper clips.He is
Q89: If the substitution effect and the income
Q94: Sam always tries to maximize his utility
Q95: Kawamura, a careful utility maximizer, consumes peanut
Q96: Use the following to answer questions:<br>Figure: Harold's
Q97: Use the following to answer questions:<br>Figure: Consumer
Q100: Use the following to answer question: <img
Q101: Use the following to answer questions:<br>Figure: Income
Q102: The substitution effect of a price change
Q103: Use the following to answer questions:<br>Figure: Consumer